The GBPCAD is nearing some key support which may allow for a bounce.

The GBPCAD came within striking distance of the 161% Fibonacci extension of the summer 2018 lows to 2019 highs. It is also very close to the lows from 2016-2017. The RSI has been divergent for the last couple months, so the risk is increasing we could see a short covering bounce.

GBPCAD at Support

Blake Morrow