GBP/CAD breaks minor resistance 2.012, targets 2.020/2.027

GBP/CAD has made a low of 1.9908 and recovered from that level. It is currently trading around 2.0120.

• The pair is facing strong resistance around 2.1200 and break above targets 2.0200/2.0270.
   
• On the downside minor intraday support is around 2.0070 and break below will drag the pair till 2.005/2 in short term.
   
• Short term bullish invalidation only below 1.990

It is good to buy around 2.0115 with SL around 2.0068 for the TP of 2.020/2.0270.