Hmm. Both GBP and CAD are technically strong at the moment and with last weeks bullish week (outside bar), I highly doubt this pair will make such a trend change. I don't see this pair reversing until the 0.7200 area which would be re-test of weekly H&S neckline that broke on 07-26. But time will tell. For now I am long CAD and GBP in other crosses.
Took a nice short off the 4 hour time frame and covered just above an ascending trend line and previous swing low from the daily time frame, currently looking for a pull back to the 1.7057 area to re-engage for short positions.