GBP/CAD Short term Outlook

FX:GBPCAD   British Pound / Canadian Dollar
81 0
GBP/CAD has broken short term support 1.8700 and decline till 1.8520 cannot be ruled out.

On the upside minor resistance is around 1.8800 and any break above would extend gains till 1.8905.

It is good to sell on highs around 1.8725 for the target of 1.8530.

Indicators (4 Hour Chart)

CCI (50) - Sell

CCI (14) - Sell

CCI (14)-Neutral

Recommendation: Sell GBP/CAD around 1.8720, SL 1.8800, Targets 1.8530.


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