GBPCAD has broken through previous range pattern from 1.66 to 1.62.
Now 1.66 has become a major support.
Buy on dip.
Target previous high on Dec around 1.6950.
Stop loss when closed below 1.66.
GBPCAD just broken the upside of the trend line. Potential for a bull flag break out. Initial target recent high at 1.6605. Stop loss if it turn back under the trend line.
Without a break above 1.6624, GBPCAD are set to trade in the range from 2011 - 2013 (1.5290 - 1.6400).
Sell on rally untill it has a clear breakout above 1.6624.