NZD/JPY has performed well this month forming higher lows and highs. It was supported by the 50-day MA in July and took off from that level.
USD/CAD awaits US data
SELL 1.3325; TP 1.3285; SL 1.3340
BUY 1.3370; SL 1.3400; SL 1.3355
USD/CAD is another pair that has the potential to make significant moves in the near term. Last week the pair broke below the uptrend support line from the start of 2018. It now provides resistance together with the 100-day MA at 1.3350.
The United States will release retail sales figures at 15:30 MT time. If the data turn out to be weaker than expected, the break down continues targeting 1.3285/70. The ultimate support is at 1.3120 (200-week MA). If American figures are strong, we’ll target the 1.3400 area on the break above 1.3370.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...