Tuesday Market Analysis: GBP/CAD & CAD/JPY

Hey traders,

I just spotted some interesting setups.

Let’s hit them charts:

1. GBP/CAD

The key support zone and 200 moving average is partially broken on the daily time frame, but waiting to see how the daily candlestick closes is important.

I will be watching for a close below the key support zone, before joining the sellers to NPSZ

2. CAD/JPY

We seem to be finally out of the consolidation band after Friday’s pullback.

If the daily time frame closes above the consolidation band, then we should be targeting resistance level 110.113

What say you?

• FIDELCREST
• THE FUNDED TRADER: (Use the coupon code: THE0CRAFTER)
• MY FUNDED FX
• BESPOKE FUNDING PROGRAMME
• FUNDED ENGINEER
• BLUE GUARDIAN (Use the coupon code: CRAFTER)
• GOAT FUNDED
• LARK FUNDING 
• SKILLED FUNDED TRADER
• MAVEN TRADING
• MY FLASH FUNDING  (Use the coupon code: “FILLIPO” for a -25% discount)
• THE5ERS