The GBPCAD is currently in a long-term uptrend within a rising parallel channel on the 4-hour chart.
It has recently reached a key resistance zone where a major rising parallel channel and horizontal structure intersect.
We anticipate a bearish response from this level and maintain a bearish outlook, expecting the pair to decline in the near future.
It has recently reached a key resistance zone where a major rising parallel channel and horizontal structure intersect.
We anticipate a bearish response from this level and maintain a bearish outlook, expecting the pair to decline in the near future.
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