Last week was not so good for both GBP and CAD, but I believe the fate of GBP may continue for some more days, as 8 HR chart suggest that it stuck up almost at double top. Please find the analysis on GBPCAD 8 HR chart,
As the chart shows, this pair has formed lot of upside doji's showing the weakness of this pair to grow stronger. Hence a short term bearish run will be possible if the price fall below the pink line, which might lead to all the way around 2.0020 region.
Good luck everyone for ne…
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