GBPCAD: Consolidation & Indecision. Your Trading Plan (Indecision)
GBPCAD is trading within a narrow trading range since the beginning of May:
1.715 - 1.7175 is its resistance
1.70 - 1.703 is its support
To catch the next swing move, wait for a range breakout:
Its bullish breakout will lead to a bullish continuation to 1.73 level
Its bearish breakout will trigger a bearish move to 1.688 level.
For intraday trading consider the boundaries of the range for buying/selling.