I actually have the opposite out look of this pair. GBP fundamentals have strengthened over the past week despite brexit. On the flipside CAD fundamentals have weakened. Quite a contrarian view to the mass retail traders but i think it makes sense.
Lanes_Capital_Trading
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@mattycheung, Long-term I am definitely bullish on GBP. CAD doesn't have any key fundamental data releases until friday, so that was my reasoning for anticipating the 1.178 Resistance to hold. But GBP can go up or down 100 pips in minutes these days so anything is possible.
Lanes_Capital_Trading
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@htlanes, 1.78***
Eren_Jaeger_Trader
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@htlanes, Yeah true. GBP is pretty volatile right now. The fundamental system I use showed some weakness in CAD last week, going to be curious if it continues to weaken