| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Sell | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Pound Sterling has been appreciating against the Canadian Dollar in a narrow ascending channel pattern the middle of December. This gradual surge in price began after the currency pair reversed from a support level formed by the weekly S1 at 1.6731 on December 11.
The exchange rate breached the upper boundary of a dominant descending channel at 1.7075 during Friday's trading session.
Given that a breakout had occurred, it is likely that the currency exchange rate will continue its upside movement within this week. The possible target for the price will be near a resistance cluster formed by the combination of the weekly and the monthly PPs at 1.7512.