Source: PaxForex Premium Analytics Portal, Technical Insight

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GBP/CAD,D1

Pivot: 1.6877

Analysis:

While the price is above 1.6544, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.6877
• Take Profit 1: 1.7100
• Take Profit 2: 1.7215

Alternative scenario:

If the level 1.6544 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.6544
• Take profit 1: 1.6256
• Take Profit 2: 1.6084

Comment:

RSI shows the possibility of an uptrend in the medium term.

Key levels: