GBPCAD Wave Analysis

The article is a technical outlook on GBPCAD, indicating a bullish bias after the pair reversed from a key support zone around 1.8720. That support coincided with the lower daily Bollinger Band and the 61.8% Fibonacci retracement of the prior May uptrend, suggesting the pullback may have ended. The author says the reversal stopped wave c of an earlier ABC retracement that began in early July. The near-term target is resistance at 1.8800, described as the former low of the previous correction. Overall, the piece suggests GBPCAD may continue higher if support holds, with the analysis centered on chart structure rather than macro fundamentals.