GBPCAD reached our 500 pip objective today at 1.6800. I first wrote about this inverse head and shoulders pattern on September 9. At the time, GBPCAD was trading just below the neckline at 1.6260. I also made a video on October 2 explaining why I felt the GBPCAD was due for a move higher up to 1.6800 and perhaps even 1.6960. For those who saw last Saturday’s forecast video, you know that there is also an ascending channel in play here. Notice how GBPCAD tested this confluence of support at 1.6250 last week and again this week before catapulting higher. Buyers kept prices above that 1.6250 area, so this bullish ... (full story)