It’s Friyay, yo! Get your last-minute pips by taking advantage of these hot setups on CAD/JPY and EUR/GBP. Get ’em while they’re hot!
EUR/GBP is having trouble breaking below the .8750 mark, which isn’t surprising since the bulls have been defending the level since mid-2017.
Think the euro is in for a bounce against the pound? A long trade at the earliest signs of a bullish momentum is a good idea especially if you aim for the previous highs near .8875 or .8900.
If you’re not convinced that the common currency will make pips against the pound, though, then you could also wait for the pair to break this major support area and trade a downside breakout instead.
Watch the chart closely in case we see a bounce or break today!
Here’s one for my trend-trading brothas out there! CAD/JPY just hit the 86.00 major psychological handle, which has been serving as support and resistance for the pair since early 2017.
Stochastic is about to hit oversold territory, so you can bet your pips (with proper risk management, of course) that other bulls are already lookin’ at this one for opportunities.
Buying at a bounce could get you s sweet reward-to-risk ratio especially if you target the previous highs near 90.00.
The Loonie has yet to see some bullish momentum, however, so y’all might want to wait and whip up trading plans before you go live on this one.