GBP/CAD Short term Outlook

GBP/CAD is currently trading around 1.87086 with intraday bias remains negative.Overall trend is bearish as long as resistance 1.8835 holds.

On the upside minor resistance is around 1.8835 and any break above would extend gains till 1.8910.

The pair’s minor support is around 1.8650 and break below will drag the pair further down till 1.8600/1.8525.

It is good to sell on highs around 1.8800 for the target of 1.8530.

Indicators (1 Hours Chart)

CCI (50) - Sell

CCI (14) - Sell

CCI (14)-Sell

Recommendation: Sell GBP/CAD around 1.8750, SL 1.8835, Targets 1.8655/1.8525.