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GBPCAD 1 hour tf analysis

The 1 hour timeframe of the GBPCAD is shown in this analysis from July 31 to current date.

cadgbp, gbpcad investing

A symmetrical triangle (tentative) is identified as the most recent chart pattern in the GBPCAD from October 2, 2018 onwards.

Further bearish action is anticipated to successfully hold support around ~1.66683 and 1.65933.

Lack of bearish momentum on the other hand, and a close above 1.72551 implies resumption of the current bullish price swing from October 30. 2018.

Interested in USDCAD analysis? Check out our previous work here. Moreover,  GBP CHF analysis can be found here.

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