Source: PaxForex Premium Analytics Portal, Technical Insight
Bank of England, Mann: we are more interested in medium-term inflation expectations.
GBP/CAD,D1
Pivot: 1.7000
Analysis:
While the price is above 1.6544, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.7000
- Take Profit 1: 1.7100
- Take Profit 2: 1.7215
Alternative scenario:
If the level 1.6544 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.6544
- Take profit 1: 1.6256
- Take Profit 2: 1.6084
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 1.7388 | 1.6544 |
| 1.7215 | 1.6256 |
| 1.7100 | 1.6084 |
