GBP/CAD: British Pound approaches 1.72210 ahead of GDP data at 20.30 hrs

GBP/CAD: British Pound approaches 1.72210 ahead of GDP data at 20.30 hrs

 

What is going on now with GBP/CAD?
 
GBP/CAD:  The British Pound fell below 1.72210 in yesterdays session and still struggling to get back up. The pair attempted to get back up in today's session but failed and continued drifting down with lower highs. The Pound is currently trading at 1.71874 and still needs to break and maintain above 1.72210 to proceed to 172.450 and 172.795. The Pound could head down to 171.235 and 170.590 support if it fails at 171.685

Support/ Short-1.71685, 1.71235, 1.70860, and 170.590

Resistance/ Long - 1.72210, 172.450, 172.795, and 1.73230

The trade signals are posted on to our Telegram channel consolidates at l on a regular basis as per the link below.
https://t.me/leoprimefx

 

Chart 1: The short-term view of the GBP/CAD price action in the 60 minutes price chart highlights the direction of the trend and the support and resistance price points

Chart 2: The short-term view of the GBP/CAD price action in the four hours price chart highlights the direction of the trend and the support and resistance price points

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