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 may be forming correction
Information is not investment advice
GBP/JPY has been testing the support at 136.60. A break below this level will provoke a decline to 135.90. However, it seems like the correction has been forming. On the daily chart, MACD and Stochastic Oscillator have formed a bullish divergence with the chart. RSI (8) is in the oversold area. It means that the recovery may happen soon. If the pair sticks above 136.60, odds of the rise towards 138.14 will increase. If the pair falls below 136.60, the rebound may occur from 135.90.
Darya Bobrova
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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.
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