Thursday Market Analysis: GBP/CAD & AUD/JPY

Hey traders,

Let’s hit them charts:

 

1. AUD/JPY

On the daily time frame, there is a typical double top on the AUD/JPY.

On the 4-hour time frame we can see a premature head and shoulders pattern. I am only interested in a breakout below the neckline on the 4-hour time frame before joining the bears to NPSZ 

 

2. GBP/CAD

The consolidation band has held price now for 3 days.

If the daily candlestick closes this way, then I will be riding with the bulls to NPRZ

 

What say you?

NOTE:

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