GBPCAD is approaching its long term trend resistance intersecting with minor intra-range support along with some recent structural resistance.
I'll be watching price action here. I'm biased to the short side at the moment but a break out through the trend resistance (red line) could bring the pair up to the 1.71 level.
I'll be watching price action here. I'm biased to the short side at the moment but a break out through the trend resistance (red line) could bring the pair up to the 1.71 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.