USD/JPY: a SELL opportunity
USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December.
CAD/JPY formed a “shooting star”
Information is not investment advice
CAD/JPY formed a “shooting star” candlestick on D1. This means that the pair will likely move down in line with the overall downtrend.
On H1 and H4, there’s a lower high. As a result, the decline below 81.20 (50% Fibo of the June 18 - June 20 advance) will open the way to 81.07 and 80.85. The outlook will remain negative as long as the pair is below 81.50.
Notice that Canada will release retail sales figures at 15:30 MT time today. The forecasts are negative.
Elizabeth Belugina
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