The GBPCAD faced strong bearish pressures, which force it to break the bullish channel’s support at 1.8425, to begin forming strong bearish waves, targeting 1.8220 level.

 

We notice providing negative momentum by the main indicators to confirm the surrender of the negative scenario, to keep preferring the bearish attempts, which might target extra stations that begin at 1.8160 and 1.8080.

 

The expected trading range for today is between 1.8160 and 1.8355

 

Trend forecast: Bearish