GBPCAD - Resistance Zone Under Pressure !GBP/CADOANDA:GBPCADRayannsrGBPCAD remains overall bullish, continuing to respect the red ascending channel that has been guiding the broader trend. After rejecting the lower boundary of the channel and the support area, price managed to recover and is now approaching a strong resistance zone that has generated multiple rejections recently, making this an interesting area to monitor. From here, we can start looking for sell setups on lower timeframes, especially if price shows signs of rejection from the current resistance area. 📌If resistance continues to hold, we may see a move lower toward the lower boundary of the channel, or even the blue support area, which could become the next downside target if bearish momentum continues. 📌However, if price breaks above the current resistance area, the focus shifts toward the next resistance zone, where price may face another potential rejection. The reaction here may reveal whether the market is preparing for a pullback, or if buyers still have enough momentum to continue pushing higher. ⚠️Disclaimer: This analysis reflects my personal market view and is not financial advice. Rayan Nasser #GBPCAD #GBP #CAD #Forex #TechnicalAnalysis #PriceAction #Trading #MarketStructure