GBPCAD currency pair under the bearish pressure after the price reversed down from the resistance area located between the key resistance level 1.75600 (which has been reversing the price from April, as can be seen from the daily GBPCAD chart below) and the upper daily Bollinger Band. The price is likely to form the daily Japanese candlestick reversal pattern Shooting Star – if the pair closes today near the current levels. GBPCAD currency pair is likely to fall further toward the next support level 1.73000 (which has been reversing the pair from the end of July))
