The GBPCAD bullish in medium term by sterilization. The extension from short term to medium term will be seen by the prolonged the weakening of CAD. However, at upper ceiling of short term target zone, price correction could be seen.
massive 250pip move up! looking at upcoming brexit events next week, i think we could see it fall back to 1.64 level. Also extremely overbought and sharp move up.
Johanes
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@shakti13, The falling or the pullback is interdays low and high frequency interior the currency band, and therefore the falling or pullback is "temporary". So long sterilization still underway, the bullish still to be consistent.