It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for...
USD/CAD reached sell target 1.2600
- USD/CAD reached sell target 1.2600
- Next sell target - 1.2400
USD/CAD has been falling sharply in the last few trading sessions after the recent breakout of the support level 1.2600 (which was set as the sell target in our previous forecast for this currency pair). The breakout of the support level 1.2600 accelerated the already sharp intermediate downward impulse wave (3) from June – which belongs to the primary downward impulse wave Ⓒ from the start of May. USD/CAD is expected to fall to the next sell target at the next support level 1.2400 (target price for the completion of the active wave (3)).
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…