Following the BOE interest rate decisions on thursday, GBP plunged against many other strong pairs. I'm continuing to maintaining a negative outlook for GBP, with the dovish tone on the interest rate hike coupled with very poor growth outlook for the next year.
Technically, looking to short GBP/CAD (fundamentally weak/fundamentally strong long term) from highlight blue possible areas, as GBPCAD is currently filling the imbalance/liquidity void left from thursday announcement before continuing to the downside.
Technically, looking to short GBP/CAD (fundamentally weak/fundamentally strong long term) from highlight blue possible areas, as GBPCAD is currently filling the imbalance/liquidity void left from thursday announcement before continuing to the downside.