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MUFG trade of the week: Short GBP/CAD

MUFG Research added a short GBP/CAD position to its TOTW portfolio, while maintaining a long USD/SEK position. MUFG added a short GBP/CAD targeting a move towards 1.63, with stop at 1.07050.MUFG also maintains a long USD/SEK targeting a move towards 11.450, with a stop at 10.650. "We are recommending a new short GBP/CAD trade idea ahead of [this] week's BoE policy meeting. The pair is currently trading just above support from the 200-day moving average that comes in at around 1.6740. A break b... Read More

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Posted: Sep 18 2023, 18:02

Author Name: forexlive

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