Currently, GBP/CAD is trading at 1.7346 which has already broken neckline at 1.7362. This week, GBP/CAD started trading in downtrend and now crossed its neckline at 1.7362. If it continues the same trend, the pair may hit the first target at 1.7176.

Do follow us for future Forex updates.

Thank you,

Rishikesh Lilawat

Rishikesh Lilawat
Rishikesh Lilawat

Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.