I think is the first time I ever write about the GBPCAD, I just couldn’t resist: just broke through an important LT resistance level and it was also rejected from an important ST support level:

The GBPCAD is in a bullish market condition, and only long opportunities will be in play. The next LT resistance level is around 1.6422 (it is currently trading at 1.6037).

Trade Safe!

Raul Lopez
Forex Training