GBPCAD Analysis
GBPCAD falling from the lower high area of the descending channel in the higher timeframe monthly chart
In the lower timeframe 1-hour chart, GBPCAD has broken the support area
GBPCAD Update:
GBPCAD is trying to Re-Enter the Box pattern, which leads to the SL price. However, GBPCAD still have chances to to fall from the broken Support area. Due to U.K. Consumer Price Index Economic news factors, GBPCAD is not making a technical movement and it’s ranging for now.
Be patience and wait for the next good opportunity signal.
We always want you to trade safe under all market conditions.
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