GBP/CAD Week beginning analysis 10June

Price is at a strong support/resistance zone. We could see it heading up to retest the break in the trend line from here. However, it may carry on going short to the Daily 0.786 line before it heads back up for a retest. The RSI is showing that price has been oversold and we could be looking at a reversal soon. Once price has retested the trend line it could keep heading long to the 4hr 0.618 line. However, I expect price to respect the trend line and head down to respect the weekly trend line at 0.618.