GBP/CAD - Triangle Breakout

[kevin1]

🧠 Setup Overview
GBP/CAD has broken below a symmetrical triangle, signaling a potential bearish continuation after repeated rejections from the upper trendline. The pair is now trading under the breakout level, with sellers showing strong control. If bearish momentum continues, the next support zones become key targets.

Trading Plan Bearish Scenario (Primary Bias)
Look for a clean breakdown retest and rejection for confirmation
Bearish continuation expected toward the support areas below

Targets:
1st Support: 1.8335
2nd Support: 1.8287

Fundamental Outlook — Today (17 Nov 2025)
GBP Sentiment – The Pound remains under pressure as markets expect the Bank of England to stay cautious, given ongoing inflation uncertainty and slowing economic data.
CAD Sentiment – The Canadian dollar stays supported by stable Bank of Canada policy and improving expectations around the energy sector.
– Rising US bond yields indirectly support CAD’s strength through its correlation with risk-on flows.
️ Overall: Fundamentals align with the bearish bias on GBP/CAD.

️ Disclaimer
This analysis is for educational purposes only and not intended as financial advice.
Always wait for confirmation and follow your risk management rules.

[Rimon Khan]

Clean breakout structure—volatility might pick up fast from here.

[alex10]

GBP/CAD looking ready for a decisive move if momentum holds.