The Currency Pair has taken a support at its trendline. The movement in the pair seems to be illiquid from a few days. The volatility is not the concern, If the pair is illiquid are we going to see the liquidity that is the biggest concern. We are expecting the pair to have liquidity in the coming days. There is a golden crossover seen in the currency pair, i.e. 50day EMA  has crossed 200day EMA  and it would be a good opportunity to enter in the pair if the momentum on the other side has not followed the price which suggests reversal.

GBP/CAD

Sep 24 2021

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