| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The British Pound has gained about 3.91% of its values against the Canadian Dollar since mid-January. The currency pair reversed from a low level of 1.6750 on January 11 and followed by an upside wave.
The exchange rate breached the upper boundary of a dominant descending channel pattern on Friday.
Most likely, it is expected the Pound Sterling continues its upward momentum during the following trading sessions.
However, a resistance cluster formed by the weekly and the monthly PPs at 1.7639 could provide a significant resistance for the currency exchange rate in the short-term.