Weekly Market Analysis: USD/CAD, USD/JPY, GBP/JPY & CAD/JPY

Hello Traders,

This week has some solid setups lined up, let’s check them out

 

1. USD/CAD

What seemed to be like a reversal last week Wednesday, turned out to be a fakey

By the close of Monday’s daily candlestick, we will decide if the buyers are in charge, or just failed trying to stage a comeback

 

2. USD/JPY

 

A strong bearish candlestick breaking below a key resistance zone shows that sellers were fully in control last week before the market closed

This week we may see a deep retracement before price continues to the NPSZ

 

3. GBP/JPY

The setup on the GBP/JPY looks almost like the USD/JPY

I expect a retracement this week before the bears continue their downward move to NPSZ

 

4. CAD/JPY

CAD/JPY is approaching a key support zone that has held price for over a year

There is a possibility that we may see price break below the key support zone, but not after a retracement to NPRL

 

What say you?

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