Consolidating Thursday presents us with USD/CAD & EUR/JPY

Hey traders,

let’s see what the market has for us this Thursday:

 

 

1. USD/CAD

The USD/CAD has consistently formed higher lows and higher and higher highs. Presently we can see price stuck within a consolidation band.

All we need is a little bullish momentum to push price to the next possible resistance level (1.27744) 

 

 

2. EUR/JPY

The EUR/JPY has a descending channel formation and price is currently around a key resistance level zone.

If we do get a bearish pin bar at the close of the 6 pm candlestick, we may see a minor reversal which may encourage the bears to take price back to support level 128.238.

 

What say you?

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