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Message: [QUOTE="Resolve, post: 236746, member: 29339"] [B][SIZE=5]Market Analysis: GBP/USD Rallies While USD/CAD Struggles[/SIZE][/B] [img]https://i.imgur.com/o0yBoaf.png[/img] [I]GBP/USD started a fresh increase above the 1.3200 zone. USD/CAD declined and now consolidates below the 1.3600 level.[/I] [B]Important Takeaways for GBP/USD and USD/CAD Analysis Today[/B] [LIST] [*] The British Pound is eyeing more gains above the 1.3300 resistance. [*] There is a key expanding triangle forming with support near 1.3200 on the hourly chart of GBP/USD at FXOpen. [*] USD/CAD started a fresh decline after it failed to clear the 1.3650 resistance. [*] There was a break below a short-term contracting triangle with support at 1.3560 on the hourly chart at FXOpen. [/LIST] [B][SIZE=5]GBP/USD Technical Analysis[/SIZE][/B] [img]https://i.imgur.com/BWSaQEA.jpeg[/img] On the hourly chart of GBP/USD at FXOpen, the pair formed a base above the 1.3100 level. The British Pound started a steady increase above the 1.3200 resistance zone against the US Dollar, as discussed in the previous analysis. The pair gained strength above the 1.3235 level. The bulls even pushed the pair above the 1.3300 level and the 50-hour simple moving average. The pair tested the 1.3315 zone and is currently consolidating gains. [B][URL="https://fxopen.com/blog/en/aj-market-analysis-gbp-usd-rallies-while-usd-cad-struggles/?utm_source=earnforexforum&utm_medium=analysis&utm_campaign=resolve"]TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG[/URL][/B] [I][B]Disclaimer:[/B] This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. [/I] [/QUOTE]

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