GBP/CAD likely to fall back to 1.8490.
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A big moment in the life cycle of the pound-to-Canadian dollar exchange rate as it reaches a major resistance barrier.
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Pound to Canadian dollar (GBP/CAD) upside favoured, albeit with limited scope for gains.
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U.S. trade risks are pinging on the Canadian dollar's radar.
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GBP/CAD remains trapped inside a broad multi-month range, but the recent price action suggests bullish momentum is rebuilding and the pair is attempting another move toward the top of the channel.
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GBP/CAD has come under pressure of late but the coming week suggests the pair will be better supported.
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The pound-Canadian dollar is set to retain an incredibly tight trading range in the coming days as we await a trigger to end this phase of consolidation.
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