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Gbpcad: Daily forecast/Important levels.

Selling Opportunities!

Though the pair has been traded a bit upward trend during the last couple of trading days.

however, we deem it is a Micro trend that is going to end sooner than earlier.

Preference!

Keeping in view the macro trend momentum we view to sell 1.70778 with the stop loss of 1.71447 for the target of 1.69108/1.68596 respectively.

Another side of the Pic!

On the contrary, a break out of 1.71447 would open the way towards 1.72137/1.72738 zone.