FX_IDC:GBPCAD   British Pound / Canadian Dollar
Clear Long Term UT Still In Play With No Indication Of Trend Weakness
PA Above 20, 50 & 200 MA
*Preferred Long Term Buy Opportunity Would Be A Retracement To Key 1.95 Monthly Support & Buy The Rejection*

Head & Shoulders Pattern Formed Indicating Weakness In Daily Up Trend
PA Has Broken Bullish Structure Breaking Below TL, Retracing Back Up & Being Rejected As Resistance Respected
PA Has Broken & Closed Through Key Daily Support At 2.00
Price Has Been Rejected From 50 MA
PA Still Above 200 MA Support My Bullish Long Term Bias (Weekly Set Up)
*Preferred Buy Opportunity Would Be A Rejection & Daily Bearish Close Below 2.00 Support Now Being Tested As Resistance*

Momentum Seems To The Bearish Side (3 Key Lower Highs Made)
Price Current Testing 200 MA
Price Above 20, 50 MA
Key 2.00 Daily Support Has Been Closed Above
*Preferred Buy Op Would Be A Daily Close Above 2.00 Support & An Intraday Close Above Downward Intraday TL*
*Preferred Sell Op Would Be A Daily Close Below 2.00 Support & An Intraday Close Below Upward Intraday TL*

Oil Seems To Be Within A Rectangular Range, A Break Out May Give Further Indication Of Where The CAD Is Going (Positive Correlation Shared)