GBP/CAD is currently trading at 1.6783, rebounded from its support level at 1.6593. Price is in down trend from some time but if it breaks its resistance level at 1.6990 then there are chances of trend reversal and price may come in up trend. If the price breaches its resistance level then it may hit our targets at 1.7270 first target and 1.7549 second target.
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Thank you,
Rishikesh Lilawat
Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.
