We have seen at last NFP news time, CAD has more stronger for Huawei CFO arrested issue in Canada. GBP has more weak agained CAD. That was the fresh view of last day of last week.
In this week, we will see that, GBPCAD pair may go up for trendline breakout confirmation issue & Supportline breakout confirmation issue. With this view, we also see that, last time has an inside bar. That is clear signal for going up of GBPCAD pair. That means, GBP will strong again against CAD & Cad will back again to it’s previous price.
So My prediction trading signal may:
Pending Order: GBPCAD, Buy Stop at 1.6990 Target price 1.7090 Stop Loss at 1.6890
I agree with masteroff its still heading south to the 1.66 support zone. No evidence to the contrary. ALSO GBP is have a hard time the PM is on here way out and Opex has cut production in an attempt to keep the price of oil up so CAD will have a hard time pushing GBP up.
Is GBP/CAD really the best GBP-based pair to trade right now? Its been virtually flat in a 3% range for weeks and weeks, when all the other GBP pairs are diving through the bottom of my PC screen.
