GBPCAD currency pair recently reversed down from the pivotal resistance level 1.71450 (former support from the start of April) and the 38.2% Fibonacci correction of the downward impulse from the middle of April. The downward reversal from the resistance level 1.71450 created the daily Japanese candlesticks reversal pattern Long-legged Doji. Given the strengthening bearish pressure affecting the sterling today – GBPCAD currency pair can be expected to fall further toward the next support level 1.70320 (former strong support from the end of April).