Good day traders,
Thursday presents us with some few follow up trades which are quite promising.
Let’s go over to our charts.
1. AUD/JPY
After a quick burst of a bearish run on the daily chart after 10 pm GMT candlestick close, AUD/JPY has formed a double support which MAY break with the 10pm GMT candlestick.
If it fails to break after 10 pm’s candlestick, then we should watch out for the close of 6 am’s candlestick and its relationship with the support level 79.953.
2. GBP/JPY
GBP/JPY is currently ranging just like AUD/JPY.
There is every tendency for the support level 79.953 to be broken as this pair on the daily time frame is bearish.
However, before we take any bearish position on this pair, ensure the candlestick on the 4 hours chart as shown above properly closes below the second support.
3. USD/CAD
USD/CAD MAY be warming up for a bullish breakout induced by the support level on 1.29658.
That said, the resistance on level 1.31801 may take more than just one day to get broken. Mind you, whichever level breaks (support or resistance), there would be a huge bull/bearish run
Do have a great day ahead
