Context:
The GBPCAD dropped more than 10% from May 2019 till August 2019.
The pair then recovered almost all its losses, just over 9% from September 2019 to 1st week in December 2019.
Price:
The price is now at an historic monthly resistance level and is also struggling to totally break free out of the uptrend resistance trend line which started from a high...
An analysis of which LONG has the best value against the short GBP to play the Brexit. [
- GBPUSD has a target handle of 1.385.
- GBPJPY target handle at 1.483.
- GBPCHF target handle at 1.335 .
- IMO currently i rule out GBPUSD short, as USD doesnt have the same "risk-off" demand as CHF and JPY. Also USD and GBP economies are perhaps the most highly...
