Short

GBP/CAD:rejection on dynamic resistance with 61.8% Fibo | SHORT

Updated

GBP/CAD follows the correlation with the GBP/USD and after a retracement, coming from a big downtrend with a pullback and new downside, the price seems to follow the again same scenario shown n the last month with a new possible new pullback to the downside. Today the price had a reject on the dynamic trendline working like a resistance with a confluence of 61.8% Fibo and divergence on overbought of Stochastic, definitely, we can have a clear bearish forecast.

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