- GBP/CAD has broken short term resistance 1.9400 and this confirms trend reversal, a jump till 1.9560 cannot be ruled out.
- On the down side support is around 1.9340 (trend line joining 1.8849 and 1.90330) and break below target 1.9290 (Jun 18th low)/1.9205.
- The resistance is at 1.94380 and break above will take the pair till 1.9465/1.9560.
It is goo d to buy near trend line at 1.9340 with SL around 1.9290 for the TP of 1.9465/1.9560
The material has been provided by InstaForex Company – www.instaforex.com