| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Buy | Neutral |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
After hitting the weekly pivot point at the 1.7779 mark on June 22, the Pound Sterling changed its market sentiment against the Canadian Dollar and began to make a corrective move south.
During this short period of decline, the currency pair breached some major significant support level. Namely, a support cluster formed by the weekly and monthly PPs and the 55– and 100-hour SMAs.
Given that the GBP/CAD currency exchange rate has moved closer to the bottom border of an ascending pattern, a breakout could be expected today for a potential target at 1.7371 which is the 200-hour simple moving average.