piptank

British Pound $CAD technical view $GBP #forex

Long
FX:GBPCAD   British Pound / Canadian Dollar
On technical point its i good opportunity to long that pair.
First its in a kind of bullish trend channel. Secondly we heading to major support area around 1.78x.
End last but not least we see some good data from UK.
British GDP expanded 3 percent YoY in Q3.
The number of unemployment persons is shrinking.
British Unemployment Rate is now at 6%.
Good entry at 1.789
SL 1.771
T1 1.8285
T2 1.85

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.