MassimoChiampo
Long

GBP/CAD 900 PIPS POTENTIAL MOVE BULLISH

FX:GBPCAD   British Pound / Canadian Dollar
GBP
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2
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gbp
GBP/CAD SINCE BREXIT HAS FALLEN MORE THAN 2500 PIPS. IT'S TIME FOR RETRACEMENT TO 50% FIBONACCI LEVEL. POSITIVE GBP DATA, POSITIVE AFFLUENCE OF TURISM DUE TO NICE WEATHER AND LOW GBP VALUE SHOULD GIVE INDICATION THAT GBP IS READY TO CLIMB UP AGAIN.
IT MIGHT MAKE AN OTHER CORRECTION MOVE THEN ON THE BREAK OF THE DOWNTREND LINE MARKET SHOULD KEEP GOING UP TO THE TARGET OF 1.764.
LIKE TO HEAR YOUR POINT OF VIEW.


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