GBPCAD currency pair recently reversed down from the resistance zone lying between the resistance level 1.75600 (former multi-month high from April), upper daily Bollinger band and the 61.8% Fibonacci correction of the downward price impulse form February. The downward reversal from of this resistance zone created the daily Shooting star. Given the strongly bearish starlings sentiment as seen across the FX markets today – GBPCAD currency pair can be expected to fall further toward the next support level 1.72300 (which stopped earlier minor correction (ii)).