GBP/CAD Potential Upward Movement

GBP/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.70452, 1.70825, 1.71125

Key Support Levels: 1.69750, 1.69508, 1.69185

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it tested a major support level of 1.66070 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.

GBP/CAD Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It recently broke a consolidation zone of 1.69185 and 1.69508 and has sustained above that. As of now the pair has broken a minor level of 1.69750 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.70014

TP @ 1.70390

Stop Loss @ 1.69638

Trade Safely 🙂