Friday Market Analysis: GBP/CAD & AUD/JPY

Hello traders,

let’s hit them charts:

 

1. GBP/CAD

Chart showing GBPCAD

The key support zone on the GBP/CAD is still looking solid till the close of the daily candlestick.

If price closes below the key support zone, then we may see price hit the first possible support level before the close of the market on Friday.

However, if price does not close below the key support zone, then I will be chilling by the sidelines.

 

 

2. AUD/JPY

Price showing AUDJPY

Hidden bullish divergence spotted on the AUD/JPY.

The 200 moving average also shows that the key support zone is valid, and there is a huge possibility that price may most likely hit NPRZ before the close of the market on Friday.

 

What say you?

 

NOTE:

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