GBPCAD continues to rise after the earlier sharp upward reversal with the daily Morning Star from the support area lying between the powerful support level 1.67600 (low of the previous extended ABC correction (2) from the start of May) and the lower daily Bollinger Band. Given the rising daily momentum and the strong bullish sterling sentiment seen across the FX markets today – GBPCAD is likely to extend the gains in the active impulse wave 3 toward the next resistance level 1.70250 (top of the previous short-term impulse wave 1).