The GBPCAD holds above the support – Analysis – 31-1-2023
2023-01-31 05:59AM UTC

The GBPCAD pair confirmed keeping the bullish attempts by providing new positive close above the minor bullish channel’s support line at 1.6470, to manage to renew the bullish rally and settle near 1.6555.


Now, stochastic attempt to provide the positive momentum allows us to suggest more positive attempts, to target 1.6680 level soon, while surpassing it will push the price to reach the additional stations at 1.6800 and 1.6930 levels.



The expected trading range for today is between 1.6490 and 1.6680


The expected trend for today: Bullish

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