GBP/CAD breaks major resistance around 2.036, targets 2.0420

Potential Reversal Zone (PRZ)- 2.033

• GBP/CAD has broken major resistance 2.033 and jumped till 2.0360. It is currently trading at 2.033.
   
• The pair has declined till 2.0197 after making a high of 2.0344 (18th Nov 2015 high).
   
• Technically GBP/CAD is facing strong trend line support around 2.020 and any break below targets 2.016/2.008/2.
   
• The minor support is at 2.0270/2.040.
   
• On the higher side major resistance is around 2.036 and break above targets 2.039/2.042.

 It is good to buy at dips around 2.027 with SL around 2.0240 for the TP of 2.0360/2.040