FortunaInvestments

We expect another falling wave for GBP/CAD

Short
FX:GBPCAD   Livre sterling / Dollar canadien
Hello Traders

In our last GBP/CAD analysis, we predicted the bearish momentum and made 500-600 pips. after a long retracement, we expect another downward wave. it's too soon to judge because we don't have any solid confirmation yet. I guess "CAD" GDP data will clarify the road. However we feel bearish for GBP/CAD, and expect another 800-1100 pips drop in about two months or so.

Our technical view has been shown in the chart.

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Thanks For Reading
Team Fortuna
-RC

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