GBPCAD is approaching its long term trend resistance intersecting with minor intra-range support along with some recent structural resistance.
I'll be watching price action here. I'm biased to the short side at the moment but a break out through the trend resistance (red line) could bring the pair up to the 1.71 level.
I'll be watching price action here. I'm biased to the short side at the moment but a break out through the trend resistance (red line) could bring the pair up to the 1.71 level.
