GBPCAD chart analysis
After completing the MPO of the H&S pattern, daily 200 SMA and 50% fib level now provide a strong level of support. A break or the bounce from the level can provide good risk-reward opportunities.
No significant economic data from Canada, while inflation data and several speeches from BoE's Mark Carney will affect the sterling this week along with Brexit negotiations.
CAD may continue the strong rally if oil continues its bullish run.
Happy Trading!
No significant economic data from Canada, while inflation data and several speeches from BoE's Mark Carney will affect the sterling this week along with Brexit negotiations.
CAD may continue the strong rally if oil continues its bullish run.
Happy Trading!
Penafian
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