GBPCAD is currently testing a strong area of support and is also testing the lower channel of a descending channel. We have to reject this area on the H4 timeframe and we could be seeing a swing to the upside now for the pair to breakout of the channel and create some new highs at 1.75000 if we start to see some more GBP strength come into the markets.
If you have any questions just drop a comment :)
If you have any questions just drop a comment :)
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