Quotes currency pair pound, the Canadian dollar continued development GBP/CAD fall. At the moment there is a potential fall in the area below the 1.80 level within the framework of the continuation of mining bearish Wolfe wave model. Cancellation option can become a strong growth of quotations GBPCAD above the level of 1.87, but such an option, we believe it unlikely on the current trading week.
FOREX Forecast GBP/CAD for the week 16 — 20 May, 2016
We continue to hold the sale gbp cad and are ready to increase the volume of sales to the extent of the fall. Thus, FOREX Forecast GBP/CAD for the week 16 — 20 May, 2016 involves a pair falling quotations within the completion of the descending pattern Wolfe waves with a potential target at levels below 1.80.