Thursday, October 15, 2026

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GBP/CAD breaks major trendline resistance at 2.016, targets 2.03

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 2.150 …

By Lis Howell
1 min read
GBP/CAD breaks major trendline resistance at 2.016, targets 2.03
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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 2.150 and break below targets 2.100 /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 2.0175-80 with SL around 2.0100 for the TP of 2.030/2.034

 

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