FX:GBPCAD   British Pound/Canadian Dollar
LONG GBP/CAD             from 1.8886 STOP 1.8881 TP - 200 sma on H1.

Rationale.
Manufacturing PMI numbers missed by a fair margin but GBP has gained across the board following a minor sell off - this is usually a strong BULLISH sign. Price has retraced on M1             back to the 200 sma and this is acting as support and as our STOP.
Yesterdays high at 1.8892 is currently acting as support and this sits on the 200 sma and 200 ema.

To add to this analysis GBP has recently broken clear of the descending channel shown.



Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out