GBPCAD Wave Analysis – 10 March 2025

GBPCAD: ⬆️ Buy

– GBPCAD rising inside minor impulse wave 3

– Likely to reach resistance level 1.8800

GBPCAD currency pair continues to rise inside the minor impulse wave 3, which belongs to the sharp intermediate impulse wave (3) from last year.

The price earlier broke through the key resistance level 1.8230 (a former multi-month high from December) –which accelerated the active impulse waves iii, 3 and (3).

Given the clear weekly uptrend, GBPCAD currency pair can be expected to rise to the next resistance level 1.8800 (target price for the completion of the active impulse wave (3)).