USD/JPY: upside is limited
On the H1, USD/JPY is recovering after the selloff that took place during the previous three days.
CAD/JPY: there are lower levels
Information is not investment advice
Japanese yen has broadly strengthened as the demand for it as a safe haven increased. CAD/JPY fell and it looks like it has the potential for further declines: the pair isn’t oversold yet and didn’t reach any major support. Fibonacci tool locates a minor support level at 80.85 (78.6% Fibo of the May-July advance). If the pair slips below this point, it will be vulnerable for the decline to 79.95 (June low). This is in line with the general downtrend. At the same time, if the pair manages to get above 81.20, the next levels to watch will be at 81.60 and 82.00.
Elizabeth Belugina
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USD/JPY: upside is limited
On the H1, USD/JPY is recovering after the selloff that took place during the previous three days.
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USD/CAD is capable of more
USD/CAD made big moves during the Bank of Canada’s meeting yesterday. Still, the rally may not be over yet.
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