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FxWirePro: GBP/CAD faces trend line support around 2.1000, good to buy at dips

GBP/CAD has made a low of 2.00809 and slightly recovered form that level.  It is currently trading at 2.0164.

  • Overall trend is bullish as long as support 2.010 holds.
     
  • Any break below 2.010 will take the pair further down till 2.0030/2.000.
     
  • Overall bullish invalidation only below 2.
     
  •  On the higher side major resistance is around 2.019 and break above targets 2.026/2.0325.

It is good to buy at dips around 2.0155-2.0160 with SL around 2.0100 for the TP of 2.026/2.0325

 

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