GBPCADThere has been bearish pressure on this par since the start of 2023. The Pair has formed a CHOCH and BOS on the 4HR confirming the bearish order flow. On the daily we have a CHOCH further confirming bearish order flow. We anticipate a bullish correction targeting the 1.65620 region to pick sell orders and proceed to the targeted unmitigated demand zones below.
