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DollarSaenz

On The 1.60 level is holding on the GBP/CAD, but for how long?

Short
British Pound / Canadian Dollar (OANDA:GBPCAD)  
DollarSaenz Updated   
OANDA:GBPCAD   British Pound / Canadian Dollar
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Price on GBP/CAD is pushing a little lower, but is still trading above the 1.60 level. The GBP/USD was able to break lower, below the 1.20 support and was able to hold. It is only a matter of time before the GBP/CAD breaks lower and I still think price is going to be able to do that. It will take about 6 months for this to happen, but in the meantime if price just stagnates, that would be great (I have a trade on this pair).
Trade closed: stop reached:
My stop was hit on this pair. Since I am out and I going to wait to see what price does.
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