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The British Pound crosses have dropped into long term support. 

Longer term, a drop below the all-time low at 1.7537 is possible if not probable given that the rally from 1.7537 is in 3 waves.  The trendline that has held since November 2007 defines the trend.  Divergence with RSI on the weekly suggests that the line could be put to the test before a drop to a new low.    

There is no discernible pattern (long or short term) in the GBPCAD.  The pair is nearing long term support at 1.7668/1.8059 from the lows in 1989 and 1993.  These levels are defended by a downward sloping support line drawn off of the 2003 and November 2005 lows. 

The GBPAUD has entered a support zone that began with former resistance from the September 18th high at 2.3167.  Potential measured support from the 61.8% retracement of 2.0291-2.7110 is at 2.2666.  The long term trend is viewed as up so signs of a low near there would warrant a bullish bias.

The long term trend is considered up.  The false breaks of the long term support line in late 2005 and early 2008 should serve to fuel a rally.  Ideally, the double bottom at 2.41 remains intact.

Jamie Saettele writes Forex Technicals: The Day Ahead, Monday-Thursday (published at 6 pm EST), Daily Technicals  every weekday morning (9 am EST), COT Analysis (published Monday mornings), and analysis of currency crosses throughout the week.  He is also the author of Sentiment in the Forex Market.