Let's analyse GBPCAD.
Based on current economic situations on both country. Am expecting this pair heading to south which is to complete the market cycles.
As i mentioned, its will not happen overnight. We projecting the future market based on human behavior toward the market.
Today am looking for correction happen in GBPCAD before making any entry....
Currently, GBP/CAD is trading at 1.7378. The pair is trading in a downward resistance and support channel. The price is moving towards its resistance level at 1.7396 and it can rebound back after touching resistance level. So, it is possible that after it rebounds from the resistance level it can touch its support level at 1.7217.
Follow proper risk management...