55 Pips Opportunity as GBP/CAD Targets 1.7850 Resistance
Updated
GBP/CAD is currently trading at 1.7795 and moving sideways, indicating consolidation in the market. The key support level is positioned at 1.7690, while resistance is seen at 1.7850. Based on the current market structure, we believe GBP/CAD has the potential to rise and test the resistance at 1.7850. This upward movement presents a trading opportunity of around 55 pips. The price action suggests a bullish outlook, as long as the pair holds above the support zone, making the resistance level our target for this potential move.
Trade closed: target reached
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