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Instrument: GBPCAD
Technical Analysis
Bullish Preference:
Buy is envisage if price trades above 1.69882 with take profit at 1.70110.
Bearish Preference:
Sell is envisaged if price trades below 1.69047 with take profit at 1.68808.
Fundamentals:
1:30 PM CAD Employment Change
CAD Unemployment Rate
Comment: Economists look for the Canadian labour market to give back much of last month’s strong job gains with sterling struggling to post any serious gains despite the Bank of England slowing the pace of its bond-purchasing program at its meeting Thursday.
Analysis: SCRUM Team
