GBP - BEARISH
1️⃣ Investors awaited details on post-lockdown restrictions in England.
2️⃣ UK Finance Minister Rishi Sunak warned on Wednesday that the British economy was on course to shrink by 11% this year, while unveiling plans to borrow around 400 billion pounds this year, amounts not seen before in Britain's peacetime.
CAD - BULLISH
1️⃣ Boosted by a rally in oil prices and hopes that a coronavirus vaccine will be rolled out soon.
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Technical
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We are looking to sell the GBPCAD on SBR + below SMA 50 on the H1 chart.
1️⃣ Investors awaited details on post-lockdown restrictions in England.
2️⃣ UK Finance Minister Rishi Sunak warned on Wednesday that the British economy was on course to shrink by 11% this year, while unveiling plans to borrow around 400 billion pounds this year, amounts not seen before in Britain's peacetime.
CAD - BULLISH
1️⃣ Boosted by a rally in oil prices and hopes that a coronavirus vaccine will be rolled out soon.
=====
Technical
=====
We are looking to sell the GBPCAD on SBR + below SMA 50 on the H1 chart.
Order cancelled
price continues to decline without any retracement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.