Thu, 11 Sep 2014 12:58:10 GMT
GBP/CAD 1H Chart: Ascending Triangle
The ascending triangle pattern, formed by the Pound/Loonie currency pair, has been confirmed to the upside, as now it is nearing the daily R3 level at 1.7891. Today the British currency has already managed to gain more than 140 pips, breaching two strong resistance levels, namely daily R1 and daily R2/200-hour SMA. We consider the upside movement to continue increasing