Categories: Technical analysis

GBPCAD Wave Analysis – 27 August 2025

GBPCAD: ⬇️ Sell

– GBPCAD reversed from long-term resistance level 1.8700

– Likely to fall to support level 1.8500.

GBPCAD currency pair recently reversed down from the resistance zone between the upper daily Bollinger Band and the strong multi-month resistance level 1.8700 (which has been reversing the price from March).

The downward reversal from this resistance zone started the active short-term ABC correction 2.

Given the strength of the nearby resistance level 1.8700 and the bullish Canadian dollar sentiment seen today, GBPCAD currency pair can be expected to fall to the next support level 1.8500.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: GBPCAD

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