USD/JPY: Take Your Profits
USD/JPY declined further during yesterday’s trading, reaching as low as 109.36, while our short signal from 110.20 is still active and is giving us over 80 pips.
USD/CAD is out of the range
2021-06-14 • Updated
4H Chart
Daily Chart
USD/CAD managed to breakout of its tight range on Friday, reaching as high as 1.2177, and posted the highest daily close since mid-May, while the technical indicators are clearly bullish, which confirms the upside retracement outlook. In the meantime, our long position from 1.2060 mentioned last week has +100 pips in profit, while our stop remains at our entry. Any downside pressure this week is likely to remain short-lived above 1.21, while the final target for this trade remains at 1.22.
|
S3 |
S2 |
S1 |
Pivot |
R1 |
R2 |
R3 |
|
1.1944 |
1.2041 |
1.2100 |
1.2138 |
1.2197 |
1.2235 |
1.2332 |
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