EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
GBP/CAD is losing ground
Information is not investment advice
GBP/CAD tried to recover in August, but its progress wasn’t very impressive. A “Dark Cloud Cover” pattern was formed on the W1. The declining 50-day MA is providing resistance at 1.6255. The decline below the last week’s lows in the 1.6135 area opens the way down towards 1.6060 (61.8% Fibo of the August advance) and 1.5980 (78.6% Fibo). Notice that there will be a lot of political challenges for the GBP in the upcoming days. The rise back above 1.6255 is needed to allow a retest of 1.6355 (August highs).
GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.
It’s simply the question of time before gold price gets to the higher levels…