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GBP/CAD Trade

  • Major support -2.035
     
  • Major resistance - 2.094
     
  • GBP/CAD has made a low of 2.050 yesterday and started to recover from that level. It is currently trading around 2.06966.
     
  • Short term trend is still weak as long as resistance 2.0950 holds.
     
  • Any break above 2.0950 will take the pair till 2.125/2.155.
     
  • On the lower support is around 2.035 and break below targets 2/1.980.

It is good to sell on rallies around 2.075 with SL around 2.1000 for the TP of 2.035/2.

R1-2.095

 R2-2.1350

R3-2.170

Support

S1-2.030

S2-2.

S3- 1.980

 

  • Market Data
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