Rob’s Thoughts on the GBP/CAD

by robbooker2 on December 21, 2011

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Jennifer looked at the GBP/CAD today here so I thought I’d look at it too.

The pair has a reading of 765 on the Bossilator – that’s a sign that it might want to take a break and fall back a bit. I’m looking for it to possibly drop down just 30 or so pips from where it is right now. Of course, I’d rather sell it on a move upward. So there could be nothing better, in my opinion, than a move up (such as the one that Jennifer is waiting for) and then a sell trade opportunity at that time.

Here is a chart:

GBP/CAD 15 Minute Chart

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