The price rose to a 1.7200 Lower High on the 1W Channel Down ( MACD
= -0.011, B/BP = -0.0036) and the neutral RSI
, Highs/Lows most likely indicate that the current level on GBPCAD
will accumulate sells. We now expect the short TP = 1.64002 to be realized as the Channel should resume the downtrend to price a new Lower Low.