GBP/CAD faces resistance around 2.020, break above targets 2.032
GBP/CAD retreated till 2.0050 after making a high of 2.0325 and is currently trading at 2.0190.
The pair’s major resistance is around 2.020 and break above confirms short term bullishness, a jump till 2.028/2.0320 cannot be ruled out.
On the downside minor support is around 2.0150 and break below targets 2.0100/2.0050.
Overall bullish invalidation only below 2.000.
It is good to buy only above 2.0200 with SL around 2.0150 for the TP of 2.028/2.0325
The pair’s major resistance is around 2.020 and break above confirms short term bullishness, a jump till 2.028/2.0320 cannot be ruled out.
On the downside minor support is around 2.0150 and break below targets 2.0100/2.0050.
Overall bullish invalidation only below 2.000.
It is good to buy only above 2.0200 with SL around 2.0150 for the TP of 2.028/2.0325