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. Bank of Canada 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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GBPCAD just pullback to 0.5 fib retracement, previous resistance (mid Sep) now turn support. Daily is building up an intraday inner candle, hourly downtrend line broken. Watch for more bullish strength.