It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
USD/CAD: the CAD plans to storm
TP1 1.2955 TP2 1.292 TP3 1.28
On the daily chart of USD/CAD, the “Three drives” pattern keeps forming. The break of the support at 1.3055 will pull the pair out of the upward short-term channel and will activate the “Bat” pattern. Its 88.6% target corresponds to 1.28.
On H1, bears are going to storm the bottom line of the upward channel. If they succeed, the AB=CD pattern with the 200% target will be implemented.
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
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