GBP/CAD Trade Idea

• Major trend line resistance - 2.0560 (trend line joining 2.0860 and 2.0730)
   
• Major support -2.0396
   
• The pair has broken major trend line resistance 2.056 and jumped till 2.0590. It is currently trading around 2.0570.
   
• Any break above 2.0560 will take the pair to next level around 2.0730/2.08600.
   
• On the lower side minor support is around 2.050 and break below targets 2.0395/2.03500.

It is good to buy at dips 2.0590 with SL around 2.050 for the TP of 2.0730/2.0860

R1-2.0650

 R2-2.0730

R3-2.0860

Support

S1-2.050

S2- 2.0395

S3-2.03500