GBP/CAD rates have fallen during Friday morning’s trading. Therefore, Sterling’s positive spike from earlier this week may be cooling.
My projection is that the pair will fall sharply next week, as we are in the top of an ascending channel that has being a key guidance for the movement of this pair during the last couple of months. Price action shows that the exhaustion of the uptrend is already a fact!
My projection is that the pair will fall sharply next week, as we are in the top of an ascending channel that has being a key guidance for the movement of this pair during the last couple of months. Price action shows that the exhaustion of the uptrend is already a fact!