FX:GBPCAD   British Pound / Canadian Dollar
ANY PULLBACKS INTO THE RED ZONE I'LL BE LOOKING FOR A BUYING OPPORTUNITY. THE POUND WAS UNDER PRESSURE FOR A COUPLE DAYS BECAUSE THERE WAS UNCERTAINTY BECAUSE OF THE ELECTION. NOW THAT THE ELECTION IS DONE SOME OF THAT UNCERTAINTY WILL BE REMOVED WHICH WILL STRENGTHEN THE POUND. ON THE FLIP SIDE OF THINGS CANADA ELECTION IS COMING UP THIS AUTUMN SO I EXPECT THE UNCERTAINTY FROM GBP TO BE TRANSFERRED RIGHT OVER TO CAD WHICH WILL WEAKEN IT MAKING GBPCAD A GREAT PAIR TO GET LONG.

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