GBP/CAD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The British Pound performed a sharp appreciation against the Canadian currency in early January; however, the advance was paused several hours earlier when the pair touched a five-year high of 1.8032 that lies on the upper boundary of the 104-bar long channel up pattern. In the hours to come GBP/CAD is likely to restart its climb as 68.25% of traders are bullish on the currency couple. Furthermore, technical indicators also are pointing to a possible rise before long.
© Dukascopy Bank SA
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