justatrader

GBPCAD - Possible Dip presents a long opportunity

FX:GBPCAD   British Pound / Canadian Dollar
186 0 1
GBPCAD             has been on a bullish rally for a long time, making small corrections. Present divergence gives a price correction to 1.75467 level... From the monthly charts, 1.8988 presents a key support/resistance level, so if price reached there, it could see some kind of reaction. Loonie is weak, BoC             statement today. UK Jobs and BoE minutes today. Probably a bit of risk to the upside for now. Nonetheless, keep an eye on 1.75467 region for a bounce.
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