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The currency pair is nearing the upper trend line of the pattern that is located just few pips away from the weekly PP at 1.7811. Most likely the Pound will reach the resistance line; however, a bullish break-out is not anticipated for the time being. The technical indicators are mixed; however, many of them are neutral. Also, the SWFX traders' are uncertain about the next movements of the pair, as the sentiment is neutral with 51.78% of them expecting that the Sterling will outperform the Canadian peer.
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