FX.co ★ Technical Analysis of Intraday Price Movement of GBP/CAD Cross Currency Pairs, Friday July 05 2024.

With the appearance of deviations between the price movements of the GBP/CAD cross currency which forms a Lower Low while the Stochastic Oscillator indicator forms a Higher Low on its 4 hour chart, in the near future GBP/CAD has the potential to appreciate strongly where the level of 1.7399 will try to be tested to be broken upwards if this level If it is successfully boken then GBP/CAD has the opportunity to continue its strengthening up to the level of 1.7422 as the main target and if the momentum and volatility also support it then the level of 1.7464 will be the next target to be aimed at, but you need to pay attention if on the way to these targets something suddenly happens. a significant weakening correction, especially if it breaks below the 1.7329 level, then all the strengthening scenarios that have been described previously will automatically cancel itself.

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