The GBPCAD surrendered to the bearish corrective bias dominance by providing several negative closes below the broken bullish channel’s support at 1.8590, suffering some losses by its stability near 1.8425.
Facing negative pressures will push it to form new bearish waves, to expect reaching 1.8325, where breaking the barrier might extend the losses directly towards 1.8270 and 1.8210 directly.
The expected trading range for today is between 1.8270 and 1.8470
Trend forecast: Bearish
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