Hello everyone! This post is covering the the current status of the EURCAD, CADJPY, USDCHF and GBPJPY
- EURCAD
- Broke to the upside and reached our 40 pip TP
- Expectance of correction and then we may see a continuation
- 1.53940 is our new key level to watch
- CADJPY
- Price broke to the downside on the H1 timeframe and reach over 115 pip gain
- We could expect a correction here and possible continuation. Will keep you posted in updated Market Commentary posts this week
- USDCHF
- both the high and low pending orders initiated during this consolidation period
- The short gained 30 pips and the long gained 35 pips. We may see price starting to create higher highs and higher lows, but we will see how the week plays out
- GBPJPY
- Price broke to the downside for a beautiful 200 pip gain
- At this point we may see correction to the upside
- If price doesn’t break the upper supply level of 133.457
Cheers to another successful week!