No change to the GBPCAD pair’s negative track, as it keeps providing frequent negative closings below the bearish channel’s resistance line at 1.5285, in addition to forming additional barrier at 1.5235 as appears on the chart.
These factors allow us to wait to gather the negative momentum to manage to activate the bearish track again, to expect crawling towards 1.5110 level soon, followed by repeating the pressure on the additional support 1.5000 in order to find a way to resume the negative attack in the upcoming period.
The expected trading range for today is between 1.5235 and 1.5110
The expected trend for today: Bearish