GBPCAD is approaching our first resistance at 1.7145(78.6% Fibonacci retracement , 61.8% Fibonacci extension , horizontal overlap resistance) where we might see a drop in price to our first support at 1.7047 (61.8% Fibonacci extension , 61.8% Fibonacci retracement, horizontal pullback support ).
Ichimoku cloud is also showing bearish cloud and we might see a corresponding drop in price should it react off this level.
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