A strong buying opportunity for the GBP/CAD pair in case of a correction

The GBP/CAD pair has begun to rise and change direction.

This follows a sideways movement that represented accumulation,

which prompted the pair to reverse direction and begin its upward trend.

We may see some corrections from the pair's current levels.

However, the long-term outlook remains bullish.

Expected targets

In case of a correction and a drop to the new buying demand zone,

which is located at the 1.8474 level as shown on the chart,

a rise is expected from there to the specified targets,

which are located at the 1.8540 and 1.8630 levels.

The 1.8550 level is also considered a strong buying level.

However, you should wait for any price action before entering.