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HomeCurrenciesGBPCAD Remains on Bullish Track – Market Forecast – May 8, 2025

GBPCAD Remains on Bullish Track – Market Forecast – May 8, 2025

The GBPCAD currency pair has maintained stability within its bullish channel, marking the end of a bearish correction at the 1.8285 level. Following this, the pair has gained positive momentum, rallying to 1.8410.

Support is expected to form at the 1.8330 level, further increasing the likelihood of building negative momentum. This could pave the way for additional gains, potentially targeting 1.8490 and 1.8550.

The forecasted trading range for today is between 1.8360 and 1.8490.

Trend Forecast: Bullish

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