Seasonality Analysis: Historical seasonality trends indicate a bearish pattern for GBPCAD during this period. This suggests that the currency pair tends to decline during this time of the year.

Range Breakout: If the price breaks below a key support level in the current trading range, it confirms a bearish breakout. This indicates that the selling pressure is strong enough to push the price out of its previous range, potentially leading to further declines.

RSI Bearish Divergence: The Relative Strength Index (RSI) shows a bearish divergence, meaning that while the price is making higher highs, the RSI is making lower highs. This is a signal that the upward momentum is weakening and a reversal or correction is likely.
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Chart PatternsTechnical IndicatorsTrend Analysis

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