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GBP/CAD faces strong support around 2, good to buy at dips

  • Major trend reversal - 2
     
  • The pair has taken support near  2 level and slightly recovered from that level. It is currently trading at 2. trend is still bullish as long as support 2 holds.
     
  • On the higher side major resistance is around 2.015 and any break above targets 2.020/2.023 in short term.
     
  • The pair's support is around 2 and break below targets 1.9900.

It is good to buy at dips around 2.0050 with SL around 2 for the TP of 2.015/2.020

 

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