GBP/CAD breaks short term support, targets 2.0670
GBP/CAD has formed temporary top around 2.0970 and declined till 0.20770.Today it has recovered till 2.0958 and started to decline from that level.
In Asian session the pair has broken short term trend line support 2.088 (trend line joining 2.0469 and 2.07797) and it confirms short term weakness, a decline till 2.077/2.0670 cannot be ruled out.
Overall bearish invalidation only above 2.0970 and above that level it will reach till 2.115 (161.8% retracement of 2.0970 and 2.06755.
It is good to sell on rallies around 2.0885-890 with SL around 2.0960 for the TP of 2.0775/2.0670
In Asian session the pair has broken short term trend line support 2.088 (trend line joining 2.0469 and 2.07797) and it confirms short term weakness, a decline till 2.077/2.0670 cannot be ruled out.
Overall bearish invalidation only above 2.0970 and above that level it will reach till 2.115 (161.8% retracement of 2.0970 and 2.06755.
It is good to sell on rallies around 2.0885-890 with SL around 2.0960 for the TP of 2.0775/2.0670
