We'd talked bout Euro's weakness against commodity currencies in our weekly report and the outlook of Sterling is no better from that. GBP/CAD edged lower to 1.5172 yesterday and the down trend remains in force for 100% projection of 1.9299 to 1.6233 from 1.7890 at 1.4842. A break above 1.5552 resistance is needed to be first signal of bottoming or outlook will remain bearish.
"P&F
GBPCAD1440 Box Size 330X3 or(4.87%) HI/LO
Data 2.5471 - 1.5172
~ 92 Month ~ 2813 Day
Database 2000 records 1.53001 (Last Close)
2002-07-10 00~00
2010-03-23 00~00 (GMT+01:00) Paris
BJF Trading Group chart"
2.5410|~33O||__________________________________|0. 24%|67.48%
2.5080|~66O||__X_XoX_X_________________________|1. 54%|65.3%
2.4750|~99O||X_XoXoXoXo________________________|2. 83%|63.13%
2.4420|~132O|XoXoXoXoXo________________________|4. 13%|60.95%
2.4090|~165O|XoXo_oXoXo________________________|5. 42%|58.78%
2.3760|~198O|_o___oXo_oX_X_X___________________|6. 72%|56.6%
2.3430|~231O|_____oX__oXoXoXoX_________________|8. 01%|54.43%
2.3100|~264O|_____oX__oXoXoXoXo________________|9. 31%|52.25%
2.2770|~297O|_____oX__oXo_o_oXo________________|10 .6%|50.08%
2.2440|~33OO|_____oX__oX____oXo________________|11 .9%|47.9%
2.2110|~363O|_____oX__o_____oXo________________|13 .2%|45.73%
2.1780|~396O|_____o_________oXo________________|14 .49%|43.55%
2.1450|~429O|_______________oXo________________|15 .79%|41.38%
2.1120|~462O|_______________oXo________________|17 .08%|39.2%
2.0790|~495O|_______________oXoX_______________|18 .38%|37.03%
2.0460|~528O|_______________oXoXoX_X_X_________|19 .67%|34.85%
2.0130|~561O|_______________oXoXoXoXoXo________|20 .97%|32.68%
1.9800|~594O|_______________o_oXoXoXoXo________|22 .26%|30.5%
1.9470|~627O|_________________oXo_o_oXo________|23 .56%|28.33%
1.9140|~66OO|_________________o_____oXoX___X___|24 .86%|26.15%
1.8810|~693O|_______________________o_oXo__Xo__|26 .15%|23.98%
1.8480|~726O|_________________________oXoX_Xo__|27 .45%|21.8%
1.8150|~759O|_________________________o_oXoXo__|28 .74%|19.63%
1.7820|~792O|___________________________oXoXoX_|30 .04%|17.45%
1.7490|~825O|___________________________o_oXoXo|31 .33%|15.28%
1.7160|~858O|_____________________________oXoXo|32 .63%|13.1%
1.6830|~891O|_____________________________o_oXo|33 .92%|10.93%
1.6500|~924O|_______________________________o_o|35 .22%|8.75%
1.6170|~957O|_________________________________o|36 .52%|6.58%
1.5840|~99OO|_________________________________o|37 .81%|4.4%
1.5510|~1O23|_________________________________o|39 .11%|2.23%
1.5180|~1O56|_________________________________o|40 .4%|0.05%
1.4850|~1O89|__________________________________|41 .7%|-2.12%
Column|||||||3343311449533331115433355735357848|
Count||||||||_____1O________213________________|
BJF-Trading-Group_Excel_Chart
