GBP/CAD is insatiable
GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.
GBP/JPY: trading on Brexit
Information is not investment advice
What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY. GBP/JPY is testing levels above the 50-week MA at 139.45. On the upside, there’s no strong resistance until 144.00 (100-week MA and the resistance line from the start of 2018). Taking into account the high volatility, we’ll consider long positions above 141.55 (50% retracement of the 2018-2019 decline). In the negative scenario, the fall below 138.60/00 (200-day MA/38.2% Fibo), GBP/JPY may slide to 135.50 (September highs).
Elizabeth Belugina
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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/NZD: the short-term downtrend
EUR/NZD has been descending since the middle of October when it recoiled down from the resistance line connecting 2015 and 2018 highs.
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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