GBPCAD favors long setups

4 Ara 2016

Pound is finding demand on the market and naturally this is helping all GBP pairs to move up. This pair has not yet completed a breakout and therefore we plan to buy the breakout to target 200 MA or 1.7525 resistance area.

6 Ara 2016

Not

GBPCAD still has not made a clear breakout of the wedge and tomorrows CAD news makes this now a 2 way trade. Both short and long possible and we are now neutral. Plan is to buy or sell the breakout.

10 Ara 2016

Not

breakout was to the downside and further move down is expected. Targets 1.6420-1.6230.