Thu, 26 Dec 2013 13:29:33 GMT
GBP/CAD 4H Chart: Channel Up
During the last 266 bars the Sterling has been appreciating against the Loonie, however, this week the pair opened with a 12 pips gap. The pair is still appreciating, and aggregate technical indicators on a 4H and daily charts are bolstering the case of further appreciation. Market sentiment is strongly bearish, with 61% of positions being short. Moreover, 56% of