Best Selling Zones Expected for the GBP/CAD Pair

The GBP/CAD pair has managed to break through previous support levels with a strong downward wave. The pair has also established strong selling zones on both the daily and 4-hour timeframes.

Currently, the movement indicates a bearish outlook in the medium and long term, especially since the strongest buying zones are still relatively far off.

Expected Targets

If the price tests the selling zones near 1.8511, we expect to see a renewed decline, targeting 1.8460 and 1.8400 respectively.

This analysis and the expected bearish outlook will be invalidated if the price breaks and closes above the identified selling zones.