GBP/CAD bears attack 1.6900 inside a choppy range between 1.6875 and 1.6935. Failure to sustain the uptick beyond the range’s resistance confronts bullish MACD. Sellers will have 61.8% Fibonacci retracement as an additional challenge. GBP/CAD drops to 1.6901 amid the early Asian session on Monday. The pair began the week’s trading with an uptick to 1.6936 but couldn’t successfully clear the short-term range between 1.6875 and 1.6935. Even so, 100-HMA challenges the bears amid bullish MACD signals. Other than the immediate support, comprising 100-HMA near 1.6880, 61.8% Fibonacci retracement of June 30 to July 02 upside, at 1.6867, could also question the sellers. Additionally, June 30 top surrounding 1.6860 might offer an extra cover to the downside. In a case where the quote drops below 1.6860, the pair’s drop to 1.6800 and then to June 30 low near 1.6770 can’t be ruled out. Meanwhile, a sustained upside clearance of 1.6935 enables the bulls to aim for 1.7000 threshold whereas the monthly top around 1.7030 could lure them afterward. GBP/CAD hourly chart Trend: Sideways FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD: Bulls attack three-week high above 0.6900 FX Street 3 years GBP/CAD bears attack 1.6900 inside a choppy range between 1.6875 and 1.6935. Failure to sustain the uptick beyond the range’s resistance confronts bullish MACD. Sellers will have 61.8% Fibonacci retracement as an additional challenge. GBP/CAD drops to 1.6901 amid the early Asian session on Monday. The pair began the week’s trading with an uptick to 1.6936 but couldn’t successfully clear the short-term range between 1.6875 and 1.6935. Even so, 100-HMA challenges the bears amid bullish MACD signals. Other than the immediate support, comprising 100-HMA near 1.6880, 61.8% Fibonacci retracement of June 30 to July 02 upside, at 1.6867, could also… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
