FX.co ★ GBP/CAD

Hello traders, The GBP/CAD pair is stuck between the level of 1.8432 (Murrey -1.8) and the resistance level of 1.8554 (Murrey 0.8). Currently, the price is within the H4 cloud, and there is a noticeable increase in selling activity. It is difficult to judge the seriousness of their intentions. I am not sure if they will be able to break the mentioned support level, if they can reach it at all. The direction of the Tenkan and Kijun lines, along with the MACD indicator in the neutral zone, indicate a continuation of a flat trend. It is necessary to wait for suitable signals to appear. At the moment, the situation does not favor opening trades.