Hello all,
GBP is looking really heavy after yesterday and today economical data, brexit also gives additional pressure for this currency.
So I'm already loaded with GBPAUD and looking to add with GBPCAD:
Entry at today lows break, with target at recent support with stop above recent highs. If move will advance I will be looking to lower take profit level to this year low. We will see how this will develop. since we had some big move in sterling we can see some consolidation but price action looks toppish and heavy, there is a lot of selling in that area and resistance holding this level for quite some time and had three tests
Anyway, be careful!
Cholia
GBP is looking really heavy after yesterday and today economical data, brexit also gives additional pressure for this currency.
So I'm already loaded with GBPAUD and looking to add with GBPCAD:
Entry at today lows break, with target at recent support with stop above recent highs. If move will advance I will be looking to lower take profit level to this year low. We will see how this will develop. since we had some big move in sterling we can see some consolidation but price action looks toppish and heavy, there is a lot of selling in that area and resistance holding this level for quite some time and had three tests
Anyway, be careful!
Cholia
