The price appears to be forming a strong support zone around the 1.8350 level, as marked by the horizontal gray area. This level has been tested multiple times, suggesting accumulation and potential exhaustion of selling pressure.
🔄 Scenario: If the support holds, GBP/CAD could bounce and head towards the 1.8800–1.8900 area, as illustrated by the projected path.
✅ Bullish Bias if:
Price holds above 1.8350
Breakout above minor highs near 1.8450
Positive momentum from news or fundamentals
🚫 Invalidation:
Clean break below 1.8300 could trigger further downside.
---
⚠️ Disclaimer
> This chart is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any financial instrument. Always conduct your own research and consult a licensed financial advisor before making trading decisions.
🔄 Scenario: If the support holds, GBP/CAD could bounce and head towards the 1.8800–1.8900 area, as illustrated by the projected path.
✅ Bullish Bias if:
Price holds above 1.8350
Breakout above minor highs near 1.8450
Positive momentum from news or fundamentals
🚫 Invalidation:
Clean break below 1.8300 could trigger further downside.
---
⚠️ Disclaimer
> This chart is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any financial instrument. Always conduct your own research and consult a licensed financial advisor before making trading decisions.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.