MarketBreakdown | USDJPY, USDCAD, EURCAD, GBPJPY

MarketBreakdown | USDJPY, USDCAD, EURCAD, GBPJPY

Here are the updates & outlook for multiple instruments in my watch list.

1️⃣ #USDJPY daily time frame 🇺🇸🇯🇵

The pair is approaching a major horizontal daily resistance cluster.
Its breakout and a daily candle close above that will provide a strong bullish signal.

2️⃣ #USDCAD daily time frame 🇺🇸🇨🇦

The pair is steadily growing within a rising wedge pattern.
I will expect a trend-following bullish price action within its boundaries.

3️⃣ #EURCAD daily time frame 🇪🇺🇨🇦

The market is currently testing a significant horizontal resistance area.
I will be waiting for its breakout and a daily candle close above to buy,
expecting another wave up.

4️⃣ #GBPJPY daily time frame 🇬🇧🇯🇵

I see a consolidation and a contraction of the price action within a symmetrical
triangle pattern.

A bullish breakout of its resistance line and a daily candle close above that
will provide a strong buy signal.