GBP/CAD is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.

Either a rebound or a breakout imminent on GBP/CAD
GBP/CAD is heading towards the resistance line of a Channel Up. If this movement continues, the price of GBP/CAD could test 1.6548 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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