Breach of important price line imminent by GBPCAD

GBPCAD is moving towards a line of 1.7028 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If GBPCAD continues in its current trajectory, we may see it move towards 1.7028 within the next 14 hours.

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