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GBP/CAD: 4H chart.
While both currencies has been long downward trend compared to USD during the year, GBP's down-slope has been steeper than CAD. From the last month, the strength was in favor of GBP. Is this yet another correction or a major shift of trend ? I would bet the latter. Immediate target is most likely [1.7250~1.7350].
While both currencies has been long downward trend compared to USD during the year, GBP's down-slope has been steeper than CAD. From the last month, the strength was in favor of GBP. Is this yet another correction or a major shift of trend ? I would bet the latter. Immediate target is most likely [1.7250~1.7350].
