USD/CAD is in a triangle
Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
GBP/JPY: 'Double Top' led to decline
Information is not investment advice
The market has been declining since the last 'Double Top' formed. Also, there's a bearish 'Pennant' pattern, so it's likely that the market is going to reach the next support at 140.61 in the coming hours. The subsequent pullback from this level could lead to an upward correction towards the nearest resistance at 142.40 - 142.72.
Sergey Logachev
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