GBPCAD rebounded from supply zone at level 1.7700
Pair respects downtrendline
Price is based below key level at 1.7335
and below HVN at level 1.7471 which indicates that pair is in distribution phase
Pair is forming descending triangle pattern
Below SMA 100
MACD shows weakness in bullish momentum
RSI is below level 50
It's expected for coming bearish wave to target the demand zone at level 1.6635
Pair respects downtrendline
Price is based below key level at 1.7335
and below HVN at level 1.7471 which indicates that pair is in distribution phase
Pair is forming descending triangle pattern
Below SMA 100
MACD shows weakness in bullish momentum
RSI is below level 50
It's expected for coming bearish wave to target the demand zone at level 1.6635