piptank
Long

GBPCAD in a recovery mode hitting support $GBP $CAD #forex

FX:GBPCAD   British Pound / Canadian Dollar
GBPCAD             is in a recovery mode after hitting support (upward trendline ).
I consider a buy position at 1.841. After a small pullback. :)
From fundamentals view
The Bank of England holds Interest Rates and the size of the Asset Purchase Programme unchanged.
British GDP Growth is at 2-Year Low.
Canadas unemployment rate remains steady at 6.8%.
Labor Force Participation Rate growth a bit.
Oil             Price seems to go upward, lower 60 level
TP 1.89
SL 1.814
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