Expected Scenarios for the Long-Term Movement of the GBP/CAD

The GBP/CAD pair has resumed its decline after rebounding from the current supply zones.

The GBP/CAD pair is expected to continue its downward trend towards the daily demand zones identified on the chart, attempting to retest them.

Expected Scenarios

The first expected scenario is a return to an upward trend after rebounding from the demand zones located near the 1.8900 level.

In the event of an upward move, we expect to see a test of the targets identified at the 1.90200 and 1.91600 levels.

The second scenario is a decline, breaking the demand zones and continuing the downward trend to the next area near 1.8654, before rebounding and resuming its upward trend.