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Tuesday, May 24, 2022

GBPCAD is standing at the high of the Uptrend range
1 mins well spent

GBPCAD Analysis

GBPCAD is moving up and down between the resistance and support trend line ranges.

Now, GBPCAD is standing near to the resistance trend line, let’s wait for the confirmation of breakout or reversal.

Fundamental Analysis

British pound likely to fell as EU-UK trade talks still remains incomplete.

Next round of talks going to takes place on coming week Thursday, November 19. In this meeting, the EU members further need to decide whether Brexit talks need to progress or fully withdraw it. In addition to these, coronavirus cases surge back as the second wave in the UK.

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