EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
USD/CAD: short-term trade idea
Information is not investment advice
USD/CAD met resistance in the 1.3490 area (resistance line connecting April and May highs). It fell to the middle of the trading range where it has spent the past month. On H4 and H1, we see a “triple top” between 1.3455 and 1.3490, the break to the downside, and a small consolidation. Oscillators are bearish, so it looks like the pair wants to continue the downside in the short term. The target is just above the 50-day MA at 1.3390.
Elizabeth Belugina
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EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
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