GBP/JPY: all Moving Averages broken

GBP/JPY: all Moving Averages broken

Information is not investment advice

The last 'Double Top' pattern led to the current decline, so all the Moving Averages have been broken. It's likely that the market is going to continue falling down in the short term towards the previously tested support at 143.83 - 143.71. If a pullback from these levels happens next, there'll be an opportunity to have an upward correction in the direction of the closest resistance at 144.83 - 145.01.




GBP/CAD is insatiable

GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.

EUR/CAD is ready for a move

EUR/CAD has formed a couple of higher lows since October. The pair has managed to overcome the 50- and the 100-day MAs at 1.4588 and 1.4640 respectively.

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