Friday, 12 February 2021

British Pound Forecast- Levels for CAD / JPY, USD / CAD, GBP/JPY, GBP/USD, EUR/GBP

 - The US dollar continued to lose points after the CPI figure surged last night.

 - Falling Covid-19 case data and recovery in oil prices could make the Canadian Dollar stronger.

 - CAD / JPY is ready to extend its recent gain while USD / CAD is aiming a push to retest its yearly lows.




The post-Brexit UK economy is proving resilient, particularly relative to the rest of Europe and most of the developed world, when viewed through the lens of vaccination rates.

- Both GBP/JPY and GBP/USD rates are in bullish breakout territory, while EUR/GBP rates are in bearish breakout territory.

Retail trader positioning suggests different biases among the major GBP-crosses.

COMEX TRADING SIGNALS



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