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GBP/CAD breaks minor trend line resistance, targets 2.0860

Wednesday, January 6, 2016 6:39 AM UTC

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 2.0570 with SL around 2.0480 for the TP of 2.0730/2.0860

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GBP/CAD breaks minor trend line resistance, targets 2.0860

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