GBP/CAD chart - Trading View
Technical Analysis: Bias Bullish
- GBP/CAD is extending upside for the 3rd straight session
- Price action has broken strong trendline resistance at 1.7175
- The pair has ignored 'Inverted Hammer' formation on previous week's candle
- Price action has retraced dip below 200-week MA, pair is now trading above 200H MA
- GMMA indicator shows near-term bias has turned bullish
Support levels - 1.7169 (Trendline), 1.7156 (55-EMA), 1.7120 (200H MA)
Resistance levels - 1.7207 (110-EMA), 1.7266 (200-DMA), 1.7298 (Weekly cloud top)
Summary: The British pound gained some positive traction on Wednesday amid optimism over the easing of COVID-19 restrictions in the UK.
Technical bias for the pair is turning bullish after breakout at major trendline resistance at 1.7175. The pair is on track to test 200-DMA at 1.7266. Breakout at 200-DMA will fuel further gains.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD hovers near one-week low, outlook bearish
FxWirePro: GBP/USD falls to two-day low, scope for further downside
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe
FxWirePro: GBP/NZD gains some ground but outlook is bearish
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217
FxWirePro :AUD/USD softens as GDP slightly undershoots forecast
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188
Kiwi-Yen Bulls Reload at 93: EMA Support Stack Points to 96–97 Targets
FxWirePro- Major Pair levels and bias summary
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption 



