FXStreet (Guatemala) – Analysts at TD Securities explained that GBP/CAD could not maintain all of yesterday’s gains through the close of business.
Key Quotes:
“But, despite some negative price action earlier in the week, the GBP is not backing away too far from the recent peaks and that suggests a lot of underlying resiliency in this market.”
“The cross is consolidating ahead of another push higher.”
“Trend strength oscillators remain bullishly aligned across the short, medium, long and ultra-long-term time frames.”
“We see little chance of as serious drop in the GBP at this point and remain high conviction GBP/CAD bulls. We continue to target of 2.00/2.02.”
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