A Strong Upward Rise Is Expected for the GBP/CAD Pair

The GBP/CAD pair has managed to climb from daily demand zones

following Thursday's interest rate announcement.

The pair has broken the downtrend, as seen on the chart,

 indicating the beginning of a trend change and a long-term upward trend.

Currently, if today's candle closes near the "high" (its highest level),

there will be a good opportunity to buy the pair for the specified targets

located at the 1.8600 and 1.8750 levels, respectively.

The analysis failed to break the demand zones and close below them.

In general, strength is expected for the GBP/CAD currency in the coming period.

However, please exercise caution while trading and pay attention to capital management.