The NZD/JPY pair is now poised to exit the Kumo. If that happens, the currency pair will enter into a new bearish sentiment.
GBP/CAD will be volatile
SELL 1.6490; TP 1.6430; SL 1.6510
BUY 1.6580; TP 1.6680; SL 1.6560
GBP/CAD made a huge leap to the upside yesterday and got above 1.65, but arrived at the resistance line from May. The odds are that Friday will once again bring the pair in motion: the market awaits Brexit-related news, while Canada will publish important labor market figures at 15:30 MT time.
The return below 1.6500 will open the way down to 1.6430 (100-day MA) and potentially to 1.6300 (September-October support line). This will happen if no signs of Brexit agreement come through and if Canadian figures surpass the weak forecast. On the other hand, the rise above yesterday’s high (1.6575) will open the way up to 1.6685 (September high).
Gold is steadily plummeting for the third consecutive day. Where is the bottom? Let’s find out.
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