GBPCAD D1: Bullish Retest at Weekly Structure — 1.9034 in Focus

British Pound / Canadian Dollar Long 19 hours ago 0 Grab this chart Grab this chart 1 1 47 GBPCAD is testing an important daily/weekly structure around 1.8818 after the recent bullish recovery. The current area corresponds closely with the previous weekly high from 22 June, making it an important support/resistance flip zone. My bullish scenario is based on the market maintaining this structure rather than simply on short-term momentum. Key levels: • 1.8818 — current structural pivot / previous weekly high • 1.8954 — major weekly resistance and first important upside test • 1.9034 — secondary upside objective • 1.8710 — key support and invalidation area The projected move towards 1.9034 also aligns well with the next structural extension visible on the D1 chart. An additional point of interest is the agreement with my quantitative analytics. WFDQuant currently classifies GBPCAD as Bullish with 65% strength, with the pair appearing in the Aligned category rather than a divergence state. Market Quality is also classified as Strong/Favourable. This does not replace price action confirmation, but the agreement between quantitative context and the D1/W1 structure makes the current area particularly interesting. The main condition is whether 1.8818 can hold as support. A sustained move below this area would weaken the bullish scenario and bring the 1.8710 support zone back into focus. For now, I am watching: 1.8818 → 1.8954 → 1.9034 while treating 1.8710 as the key structural invalidation level. Technical analysis only. Not financial advice.