Best Short-Term Selling Areas for the GBP/CAD

The GBP/CAD pair is still moving in a sideways direction on the daily chart.

Currently, the pair has managed to establish strong selling supply areas.

This was after a false breakout of resistance levels and a sell-off on the 4-hour chart,

 which prompted the pair to decline and form new areas.

If the new supply areas shown are tested,

located at 1.8755,

a decline is expected to occur to the specified targets at 1.8700 and 1.8630.

This analysis and selling opportunity fails with a breakout

 of the specified resistance levels located at 1.8843.