USD/JPY: pair to test closest resistance

USD/JPY: pair to test closest resistance

Information is not investment advice

The market has formed an 'Engulfing' pattern, which hasn't been confirmed yet. It's likely that the pair is going to test the closest resistance at 112.00 soon. The subsequent pullback from this level could be a departure point for a decline in the direction of the lower 'Window' (109.69).





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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