The GBP/CAD is currently trending higher, check the trend chart below. The D1 time frame is starting a new trend to the upside and this move should continue to the 1.8500 target resistance area, noted in red. Since the higher time frames are also trending higher this pair could break the 1.8500 area at some point. So there is considerable upside potential here. You can set your price alert at the at 1.8300 resistance point and verify your trade entry with The Forex Heatmap®. The analysis was done with 5/12 exponential moving averages.
GBP/CAD Trend Analysis 2-12-2014