Friday Market Analysis: GBP/USD & GBP/CAD

TGIF traders,

before we run off into the weekend, let’s see if we could tap some pips from these setups:

 

1. GBP/USD

Head and shoulders spotted on the GBP/USD.

The neckline/key support zone, is something to watch out for. Price dropping below this zone means we could get a 100 to 150 pips before the close of the market this Friday

 

 

2. GBP/CAD

GBP/CAD is still heavily bearish after hitting the previous resistance zone.

The current support zone and 200 moving average is something we should be looking at this Friday. If price breaks both, then NPSZ will be price’s next bus stop

What say you?

 

NOTE:

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