GBPCAD Chart Technical Outlook has yet to make a clear topping pattern
Although sellers emerged yesterday, breaking the sequence of four positive daily performances, there is no clear indication that a top is in place. The next projected upside barrier is located at 1.7016. Support is located at 1.6835.
The four-hour chart highlights an Expanding Wedge pattern. The trend of higher highs is located at 1.7023. The measured move target is 1.6659. With bespoke support located at 1.6653, this is our prime target zone.
