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Can you believe it’s already the last trading day of the week?

Get your last-minute pips in by checking out these triangle continuation and breakout plays on CAD/JPY and GBP/CHF.

Which one will you most likely trade?

CAD/JPY: 1-hour

CAD/JPY 1-hour Forex Chart
CAD/JPY 1-hour Forex Chart

If you’ve marked CAD/JPY’s chart after seeing yesterday’s update, then you probably would’ve gotten a few pips from the Loonie finally breaking above a descending trend line on the 1-hour time frame.

Missed the move? Don’t sweat it! CAD/JPY is currently finding support at the 100 SMA, which isn’t too far from the broken trend line resistance.

Buying at current levels would still give you a decent enough risk ratio especially if CAD/JPY ends up trading above the 200 SMA resistance on the chart.

Think we’re seeing a fakeout instead? You can wait for CAD/JPY to trade back below the trend line or place orders somewhere below the 78.50 triangle support.

Whichever bias you choose to trade, make sure you’re practicing your best risk management plays, mmmkay?

GBP/CHF: 1-hour

GBP/CHF 1-hour Forex Chart
GBP/CHF 1-hour Forex Chart

If you’re not a fan of missing breakouts, then you’re gonna looooove what’s happenin’ on GBP/CHF!

The pair is throwin’ out spikes near the 1.1825 handle that has served as resistance last week.

Thing is, the pound is also showing us higher lows on the 1-hour time frame.

Can the bears keep 1.1825 intact for another day? Or will the bulls finally push the pound to a more obvious upswing?

Shorting at the firsts signs of bearish momentum would mean you getting a head start at targeting the trend line support.

If you think that the bulls will soon get their breakout, though, then you’ll want to wait for at least a sustained break higher and maybe even a bullish momentum before you eye previous inflection points like 1.1925 or 1.2000.

Forex Chart Settings:

Slow Stochastic: 14,3,3
100 SMA: Blue line
200 SMA: Red line