theforexportal

GBP/CAD technically moving higher

Long
FX:GBPCAD   British Pound / Canadian Dollar
GBP/CAD has been stuck in a band between 1.6628 to 1.6212 for over 6 weeks and a break either side would be significant. Price is currently held below the 100 sma and a break of that level would suggest a move to 1.6628.

Trade recommendations
Look to BUY at 1.64 if we head south on the open.
Under 1.6378 opens the way for a move down to 1.6212.