Source: PaxForex Premium Analytics Portal, Technical Insight

UK Autumn Budget to influence BOE's policy outlook.

GBP/CAD,D1

Pivot: 1.6126

Analysis:

While the price is above 1.5800, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.6126
• Take Profit 1: 1.6200
• Take Profit 2: 1.6400

Alternative scenario:

If level 1.5800 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.5800
• Take profit 1: 1.5570
• Take Profit 2: 1.5300

Comment:

RSI shows the possibility of an uptrend in the medium term.

Key levels: