GBP/CAD has broken below a rising wedge structure after facing strong rejection from a well-defined resistance zone around 1.8888–1.8890. Price failed to sustain above the ascending trendline, indicating weakening bullish momentum and increasing selling pressure. As long as the pair remains below the highlighted resistance area, sellers may continue targeting lower support levels. A confirmed rejection from the resistance zone strengthens the bearish continuation outlook.
GBPCAD
🎯 Key Levels (Must Watch)
🔴 1st Support : 1.87885
🔴 2nd Support : 1.87480
🟢 Resistance Zone : 1.88880 – 1.88900
✅ Canadian employment and labor market data remain an important driver for CAD volatility this session.
⚠️ Disclaimer : This analysis is for educational purposes only.
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