Fri, 30 Dec 2016 08:50:07 GMT
GBP/CAD 4H Chart: Channel Down
GBP/CAD entered a flattish motion south over the last couple of weeks, sketching a descending channel on the way. The pattern shows no signs of weakness, meaning that we will look for the rate to maintain the bearish path both long and short-term, setting the bottom boundary as the next target at 1.6476. Immediate support lies at 1.6527 and then