Both way scenario on the GBP/CAD - Technical and Fundamental
Hello everyone,
This week we take a look at a GBP cross again. The technical analysis is showing that soon we might have some good opportunities to extract profit. However lets’ not forget the fundaments around the British pound now. Tomorrow Theressa May will ask for a postpone on Brexit just 48 hours before Britain have to leave the EU. So be careful, as we are stepping on thin ice.
This is a both way scenario, so we’ll be anticipating either an uptrend or a downtrend.
Below you can find all the zones in numbers:
Daily Support Area - Main Target (Sell scenario): 1.7080 to 1.6970
Daily Range bottom: 1.7390
Daily Range top - Main Target (Buy scenario): 1.7755
Our team wishes you a profitable week! :)
This week we take a look at a GBP cross again. The technical analysis is showing that soon we might have some good opportunities to extract profit. However lets’ not forget the fundaments around the British pound now. Tomorrow Theressa May will ask for a postpone on Brexit just 48 hours before Britain have to leave the EU. So be careful, as we are stepping on thin ice.
This is a both way scenario, so we’ll be anticipating either an uptrend or a downtrend.
Below you can find all the zones in numbers:
Daily Support Area - Main Target (Sell scenario): 1.7080 to 1.6970
Daily Range bottom: 1.7390
Daily Range top - Main Target (Buy scenario): 1.7755
Our team wishes you a profitable week! :)
