GBPCAD has risen by 1.58% towards the levels of 1.70405 in recent days. However, the price managed to make lower highs and fell to the price of 1.689. Some support has been created at this level, which has formed exactly on the 0.618 Fib level. On the 4hr chart, the RSI levels are very oversold which indicates that there is room for GBP to rise. The target for this trade is at the 0.382 Fib level, 1.69477. The stop loss area for this trade is located at 1.6833