GBP - Weak Bullish
1️⃣ The decline in infection cases and the easing of restrictions in the UK support demand on the GBP.
2️⃣ Preliminary readings show that the UK economy grew by 4.8% in the second quarter, recovering from a 1.6% contraction in the previous period.
CAD - Strong Bearish
1️⃣ The risk-off environment and further decline in crude oil prices depressed the CAD.
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Technical
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We are buying the GBPCAD after its break the resistance of 1.73750.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ The decline in infection cases and the easing of restrictions in the UK support demand on the GBP.
2️⃣ Preliminary readings show that the UK economy grew by 4.8% in the second quarter, recovering from a 1.6% contraction in the previous period.
CAD - Strong Bearish
1️⃣ The risk-off environment and further decline in crude oil prices depressed the CAD.
=====
Technical
=====
We are buying the GBPCAD after its break the resistance of 1.73750.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
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✅ TRADE HAS HIT TP
+45 PIPS
+45 PIPS