GBP/CAD forms triple top at 2.0325, market eyes UK CPI data

FX:GBPCAD   British Pound / Canadian Dollar
148 0 4
Pattern formed –Triple Top

Potential Reversal Zone (PRZ)- 2.033

GBP/CAD             has once again retreated after making a high of 2.0325 level. It is currently trading around 2.02390.

Market eyes UK CPI             data which is to be released today for further direction.

UK inflation data from ONS is expected to remain unchanged at -0.1% Y-O-Y in Oct and Core CPI             is seen steady at 1%.

Technically GBP/CAD             is facing strong trend line support around 2.020 and any break below targets 2.016/2.008/2.

On the higher side major resistance is around 2.33 and break above targets 2.039/2.042.

It is good to sell on rallies around 2.0255-60 with SL around 2.033 for the TP of 2.008/2
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out