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- GBP/CAD has formed temporary top around 2.0970 and declined till 0. it has recovered till 2.0958 and started to decline from that level.
- In Asian session the pair has broken short term trend line support 2.088 (trend line joining 2.0469 and 2.07797) and it confirms short term weakness, a decline till 2.077/2.0670 cannot be ruled out.
- Overall bearish invalidation only above 2.0970 and above that level it will reach till 2.115 (161.8% retracement of 2.0970 and 2.06755.
It is good to sell on rallies around 2.0885-890 with SL around 2.0960 for the TP of 2.0775/2.0670
Resistance
R1- 2.0900
R2-2.0970
R3- 2.115
Support
S1-2.088
S2-2.0770
S3-2.0670
