Hello Traders,
This week has some solid setups lined up, let’s check them out
1. USD/CAD
What seemed to be like a reversal last week Wednesday, turned out to be a fakey
By the close of Monday’s daily candlestick, we will decide if the buyers are in charge, or just failed trying to stage a comeback
2. USD/JPY
A strong bearish candlestick breaking below a key resistance zone shows that sellers were fully in control last week before the market closed
This week we may see a deep retracement before price continues to the NPSZ
3. GBP/JPY
The setup on the GBP/JPY looks almost like the USD/JPY
I expect a retracement this week before the bears continue their downward move to NPSZ
4. CAD/JPY
CAD/JPY is approaching a key support zone that has held price for over a year
There is a possibility that we may see price break below the key support zone, but not after a retracement to NPRL
What say you?
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