khansalarehsan

Great opportunity to go Long GBPCAD

Long
FX_IDC:GBPCAD   British Pound / Canadian Dollar
As mentioned in CADCHF and CADJPY charts, CAD weighted average failed to go higher. It made astonishing four attempts to go higher and all failed. That is why you see a massive breakout in USDCAD .
See how the most recent support on CAD weighted average was broken and see where the medium term target is.


Sterling is at a very strong support and I expect a bounce at this level.


Stronger Sterling and weaker CAD is what we need to call GBPCAD as Bullish ,
Thanks for visiting this post,
KHAN

Dr. Ehsan Khansalar