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.
GBP/JPY: another way to bet on the pound
Information is not investment advice
The dire situation for the British pound continues. Although many of the negative things such as the likely resignation of Prime Minister Theresa May are probably already priced in, the uncertainty about the future should keep the sterling under pressure. The Japanese yen, on the contrary, may stay in demand as investors worry about trade tensions between the United States and China.
GBP/JPY is testing levels below the support of the last 4 trading days at 139.50. The previous attempt to break higher has failed. The focus in now at the 61.8% Fibo of the 2018-2019 advance at 138.60. The next Fibonacci level is at 135.70.
Elizabeth Belugina
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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.
USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
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