USDCAD has been respecting around 1.30500. Price is still expected to rally ,Momentum of the rally is expected after 3rd touch on uptrend structure. Market is expected to rally till price 1.31633 or even push higher.
Looking at the Dollar Index market structure there is a double top formation. Still opening our eyes market structure is showing us an uptrend structure market is currently headed towards a 3rd touch on the support level, If market breaks 3rd touch market price is headed towards $100
Looking at EURJPY market structure market broke bearish structure. Market moved impulsively after retesting around price 138.500, Expecting price to rally bullishly till it reaches around price 144.000. Structure may first retest around price 141.000 to gain more momentum.
GBPAUD currently broke uptrend support, Market retested on structure and currently drop is expected. Trade is at an entry level, Trade might be affected by GBP news that are starting at 08:00 South African time. Also looking at the higher timeframe market is at the 3rd touch on the structure resistance, Expecting market to create a new low.
GBPJPY is currently at a psychological level market structure created a double top pattern. Market started dropping from Friday, Market broke an inner trend line, Expecting a continuation of the drop till markets reach the long term trendline.
Looking at EURJPY price. Market has currently reached a potential high and is reversing as a potential correction as market is in a bullish trend. Market may also be reversing as a sign of change of trend as my take profit is below the bullish market trend support.
