GBPCAD recently broke the resistance area lying between the resistance level 1.7040 (which reversed the price twice in October) and the 61.8% Fibonacci correction of the previous downward impulse from May.
The breakout of this resistance area should accelerate the active impulse waves 3 and (3).
GBPCAD is expected to rise further toward the next resistance level 1.7300 (former strong support from April).
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