Looking at GBP/USD and USD/CAD Technicals
GBP/USD:
Testing the topside of our channel. A break above this channel could signal a bullish signal for the currency pair but the general outlook is still bearish. If it breaks above then 1.34 might be a feasible target.
Source: Bloomberg
USD/CAD:
Has bounced off the support level at 1.25. Further US dollar weakness could see it break it below that support level.
Source: Bloomberg
Wishing you a profitable day of trading.
Musa Makoni | Trading Specialist at GT247.com
Wishing you a profitable day of trading.
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