The currency pair is trading in the upper bound of the main descending price channel and the lower bound of the internal ascending price channel. The price is also in the range of 365 and 135 moving averages directed downward. A breakthrough in the round secondary level of 1.6920 will result in a breakthrough in the internal ascending price channel.
Trading recommendations:
Sell below 1.6920.
Stop loss: 1.6987.
Target levels: 1.6881; 1.6832; 1.6780.
The GBPCAD rate online: monitor the movement of the pair in real time.