| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Neutral | Neutral |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇘ |
The Great British Pound has been depreciating in an ascending channel pattern against the Canadian Dollar since the end of December. This decline began after the currency pair reversed from a psychological resistance level at 1.7500 on December 31.
When looking at the positioning of the exchange rate, it is likely that the decline will continue during the following trading session. The potential downside target for the price will be near a swing low of 1.6710.
Moreover, technical indicators demonstrate that bears are could continue their dominance in the market during this week's trading session.