GBPCAD continues to rise strongly after the pair broke the resistance area lying between the key resistance level 1.72350 (former monthly top from June), 38.2% Fibonacci correction of the downward impulse from February and 50% Fibonacci correction of the downward impulse from April. The breakout of this this resistance area accelerated the active impulse wave (iii), which belongs to the impulse wave 3 from the start of May. GBPCAD can be expected to rise further toward the next resistance level 1.76500 (former multi-month high from the middle of April).