Wed, 09 Dec 2015 07:04:52 GMT
GBP/CAD 1H Chart: Channel Up
The near-term outlook on GBP/CAD is strongly bullish. Not only does the majority of technical indicators point upwards, but the price is also right at the lower boundary of the ascending channel. Additionally, the Sterling is oversold against the Canadian Dollar: only 28% of open positions in the SWFX market are long. We expect the Pound to rebound from the