FxWirePro: GBP/CAD faces strong support around 1.9480, good to sell on rallies

• Major resistance - 1.9640 (3 day EMA)
   
• GBP/CAD has broken major support 1.9720 and declined till 1.95031. It is currently trading  around 1.9536.
   
• Short term trend is bearish as long as resistance 1.9640 holds.
   
• Any break above 1.9640 will take the pair to next level 1.9725/1.9800.
• On the lower side major support is around 1.9480 and break below targets 1.9400/1.93150 in short term.
   
• Overall bearish invalidation can happens if it closes above 2.000 level.

It is good to sell on rallies around 1.9575-80 with SL around 1.9640 for the TP of 1.9400/1.9330