Thu, 19 Jan 2017 15:29:50 GMT
GBP/CAD 1H Chart: Rising Wedge
Following a tap at the three-year lows of 1.5768, GBP/CAD entered a rising wedge to test the upper boundary of the senior channel down pattern that the pair has been following for a year and a half already. The pair has slightly overstepped the upper boundary already and it is most likely that a dive will follow – consistent with