The currency pair British Pound to Canadian Dollar GBP/CAD is trading at 1.6716. The pair is trading inside the Ichimoku Cloud, indicating a side trend in the Pound Pound Canadian dollar. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 1.6750, from which one should expect another test, the lower limit, near the level of 1.6660.
Ichimoku GBP/CAD Prediction on April 4, 2017
Earlier, a weak signal was received for the sale of the Pound Canadian Dollar pair, due to the crossing of the signal lines at the level of 1.6730. To consider the sale costs with the breaking of the lower boundary of the Ichimoku Cloud and the closing of quotations below the level of 1.6640, in the case of breaking through the upper boundary of the Ichimoku Cloud, we should expect the continuation of the development of the upward trend in GBP/CAD.
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