GBP/CAD Last Line of Defense for Bulls

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The GBP/CAD has retraced enough to call it neutral again. We will see either a bounce or a drop below the POC zone.

1.7230-80 is the POC zone. 4h close above the zone suggests a bullish bounce towards 1.7390 and eventually 1.7455. A close below the zone will be bearish and the price should go to 1.7225, 1.7191 amd 1.7136. The final target is 1.7047. These targets are intra-week targets and we might see some of them hit today.

The analysis has been done with the CAMMACD.core template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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