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Waiting for the GBPCAD reversal

by Neville Hornsey
13 April 2022
in Forex
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GBPCAD momentum and sentiment point to a long-term test of 1.6000. However, after the high inflation reading from the UK this morning and a possible “Buy the rumour, Sell the news” for the Bank of Canada rate decision, I am having to wait patiently for the reversal to happen at higher prices.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:13 GBP/CAD

Tags: CPIGBPCADInflationMonetary Policy
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