JohnFortune

GbpCad - BofE Data Hints Further Declines

Short
FX:GBPCAD   British Pound / Canadian Dollar
Last weeks Bank of England data caused a sell off across the board in GBP pairs and as a result we look for further declines this week. A pullback and re-test of broken support turning resistance at 1.67971 will provide a great place to look for shorts down towards the target of 1.64165.
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