GBP/CAD trades well above 2.02, jump till 2.032 is possible
GBP/CAD has made a high of 2.0294 and slightly declined from that level. Intraday trend is bullish as long as support 2.0170 holds.
Any beak below 2.017 will drag the pair down till 2.0120/2.0070 level.
On the higher side major resistance is around 2.0300 and any indicative break above will take the pair till 2.0325/2.040.
Overall bullish invalidation only below 1.9908.
It is good to buy at dips around 2.0220 with SL around 2.0170 for the TP of 2.0320/2.040
Any beak below 2.017 will drag the pair down till 2.0120/2.0070 level.
On the higher side major resistance is around 2.0300 and any indicative break above will take the pair till 2.0325/2.040.
Overall bullish invalidation only below 1.9908.
It is good to buy at dips around 2.0220 with SL around 2.0170 for the TP of 2.0320/2.040