GBPCAD Daily Resistance Breakout
GBPCAD has cleared a key daily resistance zone. I see a measured bullish bias on pullbacks.
GBPCAD has closed above a daily resistance cluster that had been capping price for weeks. That shift in structure tells me the path of least resistance is higher. I am watching for a controlled pullback to confirm the breakout before committing further size.
The daily timeframe gives this move weight. Overextended price without a retest would worry me, so I prefer to wait for a shallow retracement that holds above the broken zone. That kind of price action aligns with how I manage risk.
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