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Short

GBP/CAD breaks trend line support at 1.9580,targets 1.9320

FX:GBPCAD   British Pound/Canadian Dollar
264 1 7
GBP/CAD             has broken short term trend lien support 1.9580(trend line joining 1.88460 and 1.9313) and decline till 1.9320 is possible.

Short term bullishness only above 1.9650 and break above will target 1.9705/1.9735.

On the downside minor support is around 1.9550 and break below will drag the pair to next target at 1.9440/1.9320.

It is good sell on rallies 1.95725-50 with SL around 1.9650 for the TP of 1.9451/1.9320
TahirAli
a year ago
Very good analysis but remember that major trend is still up.
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