GBP/CAD faces strong support around 1.8380, break below targets 1.8080

• Major support -1.8380 (trend line joining 1.52698 and 1.55751)
   
• The pair has taken support near trend line 1.8380 and slightly recovered from that level. It is currently trading around 1.84030.
   
• Any break below 1.8380 confirms major trend reversal a decline till 1.8200/1.8080/1.7750 level.
   
• On the higher side major resistance is around 1.8550 and any indicative break above will take the pair to next level till 1.8615/1.8730. The minor resistance is around 1.8480.   
   
• Overall bearish invalidation only above 1.9170 level.

It is good to sell below 1.8380 with SL around 1.8480 for the TP of 1.8080/1.7750.