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.
#Forex #GBPCAD #GBP #CAD #PriceAction #TechnicalAnalysis #TradingView #SupportAndResistance #SellSetup #Bearish #ForexTrading #SmartMoney #Trendline #Ichimoku
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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.
#Forex #GBPCAD #GBP #CAD #PriceAction #TechnicalAnalysis #TradingView #SupportAndResistance #SellSetup #Bearish #ForexTrading #SmartMoney #Trendline #Ichimoku
🚀 Support the Idea
🚀 Boost | 💬 Comment | 🔁 Share
🔸🔸 Charts Don't Lie, Traders Don't Quit 🔸🔸
Trade active
Note
CAD - Employment Rate comes positive and now in good profit
Trade closed: target reached
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🟢New Telegram Free Channel : telegram.me/kabhi_official
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.