GBPCAD: Consolidation & Bearish Movement
GBPCAD is currently trading sideways in a broad horizontal range.
Following a resistance test, a head and shoulders pattern was formed in the price chart.
I anticipate that consolidation will persist, leading to a potential decline towards the range's support level. My target is set at 1.7913.
Following a resistance test, a head and shoulders pattern was formed in the price chart.
I anticipate that consolidation will persist, leading to a potential decline towards the range's support level. My target is set at 1.7913.
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