__SpecialFX__
Short

Counter Trend Correction Continues

FX:GBPCAD   British Pound/Canadian Dollar
GBPCAD             Continues to correct against it's uptrend

So far, no indication that the correction has completed & The wave count calls for another leg lower to break 2.0575 for a new low, against 2.0863 highs.

Price has already reached the 50% Fib level - The Candlesticks on the shorter time cycles are showing signs of reversal, however the upside momentum to start the week has been strong, so another high cannot be ruled out.
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