GBPCAD: Fundamental and Technical
Dear Traders,
On the one hand, Levels of tensions in Hamas-Israel conflicts has decreased. So oil markets started to be more secure thus the CAD had has problems to grow. At the same time, UK witnessed signs of grow for GBP! GBP surged and we are around top of a long-term channel and around a relatively strong level.
On the other hand, we are seeing great momentum in the pair and also I'm not sure about good news in middle east.
In conclusion, I have got my profits out of GBP. Now it's time to rest and see where the future is going. I'm waiting for a break out of weekly level to continue to long the pair. any strong bearish move that change the trend or any important news might change the direction of the trend.
On the one hand, Levels of tensions in Hamas-Israel conflicts has decreased. So oil markets started to be more secure thus the CAD had has problems to grow. At the same time, UK witnessed signs of grow for GBP! GBP surged and we are around top of a long-term channel and around a relatively strong level.
On the other hand, we are seeing great momentum in the pair and also I'm not sure about good news in middle east.
In conclusion, I have got my profits out of GBP. Now it's time to rest and see where the future is going. I'm waiting for a break out of weekly level to continue to long the pair. any strong bearish move that change the trend or any important news might change the direction of the trend.
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