GBP/CAD Formed a Triple Top

GBP/CAD made an attempt to break above the resistance at 1.7440 at the beginning of September and two more over the past twenty-four hours, forming a triple top below that level. What is more, the pair has also formed a spinning top candlestick on the four-hour time-frame and is slowly moving to the downside. Considering all this I think it’s very likely for the pair to continue falling at least until it reaches the support at 1.7300 and a possible breakout below that level would lead to a further move to the downside towards the next level of support at 1.7200, which coincides with (MA)89 on the four-hour time-frame.