GBP/JPY: trading on Brexit
What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.
CAD/JPY is under attack
Information is not investment advice
CAD/JPY failed to close last week around the high of 85.20 and, as a result, remained capped by the 50-week MA in the 84.53 area.
On Monday, the pair closed away from the daily lows but still below the 100-day MA at 84.00 and February support line. The weekly pivot point is located at 84.33, so bears will prevail as long as the pair’s trading below this level. Given all mentioned above, we think that there’s a sense to bet on the decline of the Canadian dollar versus the Japanese yen. The proposed entry level is near the 50-period MA on H4 (84.13)
Bear in mind that volatility will rise on Wednesday, as Canada releases the trade balance figures and the Bank of Canada holds its meeting.
Elizabeth Belugina
Similar
AUD/JPY: a chance for more
There are many positive developments in AUD/JPY. Will it be able to continue rising?
NZD/JPY is doing its best
NZD/JPY is surviving a period of correction/consolidation within the long-term downtrend.
Popular
GBP/JPY: trading on Brexit
What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.
AUD/JPY: a chance for more
There are many positive developments in AUD/JPY. Will it be able to continue rising?
NZD/JPY is doing its best
NZD/JPY is surviving a period of correction/consolidation within the long-term downtrend.
Choose your payment system
