The daily chart of GBP/CAD is currently in downtrend. The pair made 50% retracement of its previous move from 1.84000 to 1.70607. It is currently facing rejections at the 50% retracement level which is indicated by the formation of the bearish pin bar. As per our analysis,we expect the pair to move towards the price zone of 1.73476.
Its 23/07/2017 .. very rainy over here ... enjoying every bit of it .. GBP CAD dragged my attention .. 30 Mins chart it shows some potential to move more downside at 1.6210 area .. I like to take a strict focus on this pair .. breaking out 1.6283 Low or rejection again from the breakout trendline lure me for a selloff and target 1.6210 area