Our pivot point is at 1.8878.
Our preference: The downside prevails as long as 1.8878 is resistance, with 1.8798 and 1.8776 as targets
Alternative scenario: above 1.8878, look for 1.8915 and 1.8937.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 1.8847 and 1.8869). The GBP/CAD is trading below its lower Bollinger band (standing at 1.8834).
Supports and resistances:
1.8937 **
1.8915 *
1.8878 **
1.8833 last
1.8798
1.8776 **
1.8754 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 10-07-2026 at 10:35 UTC+1
Price reference: 1.8833 last known on 10-07-2026 at 10:35 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf