Kevinkw

GBPCAD Short term pullback for medium term Long move

Long
FX:GBPCAD   British Pound / Canadian Dollar
TECHNICALS:
Weekly Bullish Engulfing GBPCAD
Pullback support zones to watch, S1 1.6450, S2 1.6350
Bullish signals around these support zones would be better entry for move up to 1.7000

FUNDAMENTALS:
Pending BOE rate hike. BOC signalled rate hike has no pre-determined path.
Positive GBP if Brexit is smoothly transacted.
Positive economic data required to support move higher.

Disclaimer: This is not investment advice, trade your own ideas. Always practice good risk management. All the best!

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