Hello Traders,
Let’s see what the market has for us:
1. USD/CAD
USD/CAD may be on its way to retest a key support level(1.26652)
If the bears are strong enough and break 1.26652 level, then price will hit the next possible support level (1.25976), but if they weaken.
However, if we get any sign of reversal at the current support level, then we should be on the watch out. The Bulls may take price back to a previous resistance level (1.27431)
2. USD/JPY
Since 2017, there have been over 6 attempts to break the current key resistance zone.
Price is currently making a bold move above the key resistance zone, all we need is patience to see how the daily candlestick closes.
If we get a good bullish breakout, then price next stop may be over +280 pips away (118.198)
What say you?
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