The currency pair GBPCAD was showing a decreasing trend before a range of equilibrium, this zone was tested twice to be broken. Currently, it seems we have the beginning of an increasing trend accompanied by an important level of volume. The currency pair is trying to break the top of the equilibrium, so we can expect an upward trend. If the break was realized below the range, we can expect decreasing trend.
In general, there are more chances and signs of an increasing market of GBPCAD