Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

GBP/CAD trades above 2.0700, jump till 2.087/2.100 is possible

  • GBP/CAD has made a low of 2.04691 and recovered from that level till 2.0699 on Friday.

  • It has broken major resistance 2.0630 on Friday which confirms short term bullishness a jump till 2.078/2.087 cannot be ruled out.

  • On the downside minor support is around 2.0650 and break below will drag the pair further down till 2.0569/2.0500.

  • Short term trend reversal only below 2.0560 level.

It is good to buy around 2.0700 with SL around 2.0650 for the TP of 2.087/2.1000.

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.