GBP/CAD breaks major trend line support, targets 1.9700
Major support – 2.019 (trend line joining 1.87142 and 1.9845)
The pair has broken major support 2.019 confirms minor trend reversal a decline till 1.9845/1.9700 in short term.
On the higher side major resistance is around 2.0330 and any short term reversal only above that level.
Break above 2.0340 targets 2.040/2.05240 level.
It is good to sell on rallies around 2.018-85 with SL around 2.0330 for the TP of 1.985/1.9700
The pair has broken major support 2.019 confirms minor trend reversal a decline till 1.9845/1.9700 in short term.
On the higher side major resistance is around 2.0330 and any short term reversal only above that level.
Break above 2.0340 targets 2.040/2.05240 level.
It is good to sell on rallies around 2.018-85 with SL around 2.0330 for the TP of 1.985/1.9700