See also
03.06.2025 08:23 AM
From what is seen on the 4-hour chart of the GBP/CAD cross currency pair, there appears to be a Divergence between the GBP/CAD price movement and the Stochastic Oscillator indicator, thus indicating that in the next few days GBP/CAD has the potential to weaken down to the level of 1.8296 and if this level is successfully broken and closes below it, then GBP/CAD has the potential to continue its weakening to the level of 1.8191 as the first target and 1.8055 as the second target, but if on its way to these targets, GBP/CAD suddenly strengthens again until it breaks and closes above the level of 1.8695, then all the weakening scenarios that have been described previously will be invalid and automatically canceled by themselves.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
