Thursday, October 15, 2026

Technicals

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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…

By Lis Howell
1 min read
GBP/CAD trades above 2.0700, jump till 2.087/2.100 is possible
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  • 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.

 

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