GBP/CAD Uptrend Much Stronger Above 1.7600

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The GBP/CAD has come to the support and the price might be bouncing above the POC zone. The further move up will be stronger above 1.7600.

Chaotic market movements might have been caused by end month flows and fixing. Bounces close to 200 pips within different markets have been spotted. The GBP/CAD has formed a bullish bounce at the POC zone and the price should move up. If we see a new candle close above 1.7600, then the next target is 1.7646, followed by 1.7690 and 1.7716. A move below 1.7530 will invalidate this bullish scenario.

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

 

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