FX View: GBP/CAD (Update)

By constant self-discipline and self-control you can develop greatness of character.
Grenville Kleiser

A couple of events here and there, what I call -and will always call- ‘excuses’, have served our cause just fine today as both the EUR and GBP go lower on the day, with the CAD and USD being the major beneficiaries of the move.

With prices now around 200 pips from the entry point in the GBP/CAD scenario, we will preserve a bunch of them @ 1.81, still aiming @ 1.7930-35. However, the intrinsic dynamics have changed rather rapidly in this pair after today’s sell-off, so it’s wise to protect what’s in the table at the moment.

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