CAD perfect

new signal sell near 0.99107  take profit 0.9890 GMT TIME :20:06:25 GOOD LUCK

GBPUSD SELL

GBP USD SELL near 1.720 stop loss 1.750 take profit 1.575

euro is in your hand

new signal euro expected to 3.100 stop loss 1.2980 take profit :1.3100  GMT TIME : 12:23:57  

GBP/USD trades around 1.5700 ahead of key UK data

Yesterday, GBP/USD failed to sustain a break of support at 1.5650 and bounced higher to recover all of the previous day's losses. The action resulted in a false break of the mentioned support level and, as a well known principle in technical analysis...

Yesterday, GBP/USD failed to sustain a break of support at 1.5650 and bounced higher to recover all of the previous day's losses. 

The action resulted in a false break of the mentioned support level and, as a well known principle in technical analysis, signals potential for future movements to the upside. "With the Stochastic showing that conditions are oversold, it looks like the bulls are going to take control of the pair again soon," says the BabyPips.com FX-Men Team. During the Asia-Pacific session, GBP/USD traded within range between 1.5673 and 1.5710, last at 1.5685 vs. 1.5701 late Tuesday in NY.

In the European session ahead, risk event for the pound includes key UK jobs data at 0930 GMT. "The key level to monitor for the GBP/USD heading into the release will be the 1.5750 level, as it near the 61.8% retracement and coincides with the 61.8% retracement of the swing downward in the pair seen during Friday and Monday," comments Fan yang, CMT, Cheif Technical Analyst at FXTimes. 

The market technician continues: "However, a stronger than expected report, which can help the case that more easing is not necessarily can help the GBP/USD to move above the 1.5750 level (or hold that level if it moves above it prior to the release) and could the mean the pair targets the highs from Friday near 1.5830."