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GBP/CAD Trade Idea

GBP/CAD has broken major trend line resistance around 2.160 (trend line joining 2.0950 and 2.0550) and this confirms short term bullishness , a jump till 2.035 is possible . On the downside minor support is around 2.015 …

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GBP/CAD has broken major trend line resistance around 2.160 (trend line joining 2.0950 and 2.0550) and this confirms short term bullishness , a jump till 2.035 is possible .

  • On the downside minor support is around 2.015 and break below targets 2.0100 /2.0043
     
  • The pair's major resistance is around 2.020 and break above targets 2.025/2.030/2.0345

It is good to buy at dips around 2.0100 with SL around 2.0040 for the TP of 2.030/2.034

Resistance

R1- 2.020

R2-2.025

R3- 2.0320

Support

S1-2.015

S2-2.010

S3-2.0040

 

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