Key Levels On The Pound

We have a couple of pound pairs on the list as they are both around key levels. Both GBPCAD and GBPUSD could have opportunities.

GBPCAD

GC has hit supply on the daily chart and there's a series of green daily candles coming into the level. If price action indicates a short there could be a down move.

2017-09-24 GC Short D1

GBPUSD

GU has been hovering around the supply level it just engulfed and it's not yet clear which direction it will go in. Given that we've had an engulf to the upside, price may want to move higher.

I'll continue to monitor the pair for potential moves this week.

2017-09-24 GU Long D1

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