GBPCAD under bearish pressure today following the earlier breakout of the support level 1.6320, which was set as the likely downward target in our previous forecast for this currency pair. The breakout of the support level 1.6320 strengthened the bearish pressure on this currency pair – accelerating the active impulse wave (3). With the moderate bearish sentiment affecting the Sterling today, GBPCAD is likely to further fall toward the next support level 1.6000 (low of the previous short-term correction B from the start of September) – from where GBPCAD is likely to correct up.