Pound is finding demand on the market and naturally this is helping all GBP pairs to move up. This pair has not yet completed a breakout and therefore we plan to buy the breakout to target 200 MA or 1.7525 resistance area.
Komentar:
GBPCAD still has not made a clear breakout of the wedge and tomorrows CAD news makes this now a 2 way trade. Both short and long possible and we are now neutral. Plan is to buy or sell the breakout.
Komentar:
breakout was to the downside and further move down is expected. Targets 1.6420-1.6230.