After CPI date release on 21/11/2023, the chart has been slowly adjust and break of trend line.
Due to the inflation rate increase, will expect the interest rate increase on CAD currency.
Hence, we will tend to sell the GBP currency to buy the CAD currency.
From the chart, the back testing established, so let see the bearish time .
Due to the inflation rate increase, will expect the interest rate increase on CAD currency.
Hence, we will tend to sell the GBP currency to buy the CAD currency.
From the chart, the back testing established, so let see the bearish time .