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WallStreetIntelligence
May 24, 2022 4:18 PM

GBP/CAD: Heavy Bank Buying! Long

British Pound/Canadian DollarFXCM

Description

GBP/CAD: Heavy Bank Buying!

- This morning GBP/CAD dipped back into the High Volume area
- Banks used this dip to scoop up the pair
- Need to break current resistance (see Chart)
- Almost no volume above it, indicating room to run

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