GBP/USD - Under Pressure Ahead of CAD Unemployment Rate

Wait 5 sec.

GBP/USD - Under Pressure Ahead of CAD Unemployment RateGreat British Pound vs. Canadian DollarFX:GBPCADKABHI_TA_TRADINGGBP/CAD has broken below a rising wedge structure after facing strong rejection from a well-defined resistance zone around 1.8888–1.8890. Price failed to sustain above the ascending trendline, indicating weakening bullish momentum and increasing selling pressure. As long as the pair remains below the highlighted resistance area, sellers may continue targeting lower support levels. A confirmed rejection from the resistance zone strengthens the bearish continuation outlook. GBPCAD 🎯 Key Levels (Must Watch) πŸ”΄ 1st Support : 1.87885 πŸ”΄ 2nd Support : 1.87480 🟒 Resistance Zone : 1.88880 – 1.88900 βœ… Canadian employment and labor market data remain an important driver for CAD volatility this session. ⚠️ Disclaimer : This analysis is for educational purposes only. #Forex #GBPCAD #GBP #CAD #PriceAction #TechnicalAnalysis #TradingView #SupportAndResistance #SellSetup #Bearish #ForexTrading #SmartMoney #Trendline #Ichimoku πŸš€ Support the Idea πŸš€ Boost | πŸ’¬ Comment | πŸ” Share πŸ”ΈπŸ”Έ Charts Don't Lie, Traders Don't Quit πŸ”ΈπŸ”Έ