Two Things Stand Between GBP/CAD and an Upside Breakout

TL;DR: GBP/CAD looks ready to resume its uptrend after rebounding from the 55-day EMA, but a sustained breakout depends on two separate forces — Friday's volatile Canadian jobs report and whether oil's renewed strength above $86 continues to support the Canadian Dollar.

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Source: Action Forex

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Category Forex

Source Action Forex

Published 1 month ago

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News ID #138

Status Published

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