The GBPCAD cross has been range bound since Feb 2014 between 1.81 to 1.85

It had an initial surge at the beginning of the year with 1000 pips rise with GBP strength.

USDCAD is at an important trendline support on a daily chart and is expected to weaken due to USD strength and better than expected jobs report.

GBPUSD is quite strong in a upward channel and is expected to remain range bound or rise to 1.72-1.73

So, the GBPCAD cross is expected to bounce from the base of the trading range as shown in the chart above.

A buy near 1.82 and a target at around 1.8450 would be possible in this week.
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