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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