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FxWirePro: GBP/CAD faces trend line support around 2.015, good to buy at dips

GBP/CAD has made a low of 2.00809 and slightly recovered form that level. It is currently trading at 2.0164. Overall trend is bullish as long as support 2.013 holds. Any break below 2.013 will take the pair further down …

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FxWirePro: GBP/CAD faces trend line support around 2.015, good to buy at dips
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GBP/CAD has made a low of 2.00809 and slightly recovered form that level.  It is currently trading at 2.0164.

  • Overall trend is bullish as long as support 2.013 holds.
     
  • Any break below 2.013 will take the pair further down till 2.0080/2.003.
     
  • Overall bullish invalidation only below 2.
     
  •  On the higher side major resistance is around 2.019 and break above targets 2.026/2.0325.

It is good to buy at dips around 2.017 with SL around 2.013 for the TP of 2.026/2.035.

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