Short-term Trading Idea: GBP/CAD – Bull Speculation: Expected 1.92 Break
May 23, 2016 at 07:28 AM EDT
The GBP/CAD has an inverted cup with handle pattern forming on it. After a fall in the rate to 1.8855, a strengthening of the pound to 1.9640 is expected. Growth of the GBP/CAD will be stamped out by a break in the trend line.
