GBPCAD - Potential Buy From Key Support Zone
The GBPCAD pair is approaching a significant demand zone, highlighted by prior price reactions and a strong historical support area. The market structure suggests the potential for a reversal at this level. The overall context indicates that buyers may take control, pushing the price higher.
I anticipate that if the price shows a clear rejection from the demand zone, the market may move upward toward the 1.77372 level. This setup aligns with the idea of trend exhaustion near support.
If you have any additional insights or agree with this analysis, feel free to share your thoughts!
I anticipate that if the price shows a clear rejection from the demand zone, the market may move upward toward the 1.77372 level. This setup aligns with the idea of trend exhaustion near support.
If you have any additional insights or agree with this analysis, feel free to share your thoughts!
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