GBP/CAD breaks major support 1.9870, targets 1.9725

FX:GBPCAD   British Pound / Canadian Dollar
114 0 4
Pattern formed –Big M Pattern

Major support -1.9870 (Jan 29th 2016 low)

The pair has broken major support 1.9870 and declined till 1.9845. It is currently trading around 1.9863.

Short term trend is weak as long as resistance 1.9890 holds. Any break above 1.9890 will take the pair to next level 1.9940/1.9980.

Overall bearish invalidation only above 2.00 level.

On the lower side any break below 1.9870 will drag the pair till 1.9800/1.9725.

It is good to sell on rallies around 1.9855-1.9860 with SL around 1.9900 for the TP of 1.9800/1.98725.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out