GBP - Weak Bearish
1️⃣ The annual inflation rate in the UK dropped to 2.0% in July.
CAD - Strong Bearish
1️⃣ The decline in crude oil prices is depressing CAD.
2️⃣ Canadian retail sales for June are expected to be weaker following a decline in wholesale sales.
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Technical
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We are looking to sell GBPJPY around resistance.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ The annual inflation rate in the UK dropped to 2.0% in July.
CAD - Strong Bearish
1️⃣ The decline in crude oil prices is depressing CAD.
2️⃣ Canadian retail sales for June are expected to be weaker following a decline in wholesale sales.
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Technical
=====
We are looking to sell GBPJPY around resistance.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade closed: target reached