{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gbp-cad-range-breakout\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gbp-cad-range-breakout\/","headline":"GBP\/CAD Range Breakout!","name":"GBP\/CAD Range Breakout!","description":"GBP\/CAD edged higher today and it could escape from a short-term range pattern. A valid breakout could bring a new opportunity as the pair will try to approach and reach new highs. The pair has moved sideways lately as the sentiment may change. The price actions could indicate a bullish reversal soon. Technical Analysis! GBP\/CAD […]","datePublished":"2021-04-20","dateModified":"2021-04-20","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/gbpcad.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/gbpcad.png","height":898,"width":1828},"url":"https:\/\/forexschoolonline.com\/gbp-cad-range-breakout\/","about":["GBP\/CAD","Trade Idea"],"wordCount":139,"keywords":["CAD","GBP","gbp\/cad","Technical Analysis","Trade Ideas","Trade Setup"],"articleBody":"GBP\/CAD edged higher today and it could escape from a short-term range pattern. A valid breakout could bring a new opportunity as the pair will try to approach and reach new highs.The pair has moved sideways lately as the sentiment may change. The price actions could indicate a bullish reversal soon.Technical Analysis!GBP\/CAD was trapped within a minor and narrow range after escaping from the down channel. The breakout above the downtrend line signaled that we may have a bullish reversal.The price has tested and retested the 61.8% retracement level confirming it as strong support. The rejections from this level signaled that the downside movement is over and that the pair may develop a leg higher.An upside breakout from this narrow range could attract more buyers and could offer us a new long opportunity."}