This pair has managed to move a measily 90pips in nearly 3 weeks! The range support at 1.7300 seems to have been a real challenge for the Bears. However, on Wednesday the pair eventually closed below 1.7300 at 1.7204. The next challenge will be for the pair to test 1.7160 support. The 1.7300 resistance zone has to hold for bears to advance and a confirmed break of this support might just give us a great 1.500pips drop! Be patient and disciplined.

GBPCAD - DAILY

Source: Maryna Murray (Queen of Pound)

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