Since the end of March the asset's price has been depreciating as the pound has become weaker against the Canadian dollar. In a clear bearish trend the ideal entry is shorting after correction with TP around 1.7061 which represent a daily support.
This market analysis is just a investment idea, the same shouldn't be taken as a financial counseling without risk envolved. CFD´s are very complex financial products that can result on the loss of most capital invested