The GBP/CAD analysis below shows that this pair has broken through short term resistance and is now trending up again on the largest time frames. The current short term resistance level is at 1.8730. We would set a price alert here. When the alert hits we would look for more buy signals going forward above this price on The Forex Heatmap®. The upside potential on this trend is still very good. The Canadian Dollar (CAD) interest rate news today could signal more CAD weakness ahead, which would continue to drive this pair higher. The analysis of the GBP/CAD was performed with multiple time frame analysis.
Currency Pair Analysis GBP/CAD 1-21-2015