Weekly Pairs in focus!

This will be a weekly post on what we expect the market to do and you can engage us on your thoughts.

We will be dealing with 3 pairs this week. EURUSD CADJPY and GBPJPY.

The EURUSD is forming a nice flag that will eventually take us on our biased SELL move. Look for short positions. Next level should be the 1.17370

With Oil price doing well, we can expect the same from the CAD also with Covid numbers on the low. This should get people out of their houses and spending. We are biased to BUY CADJPY.

The British gov will likely ease restrictions as the Covid numbers are down. And we looking to take a long position on the GBPJPY at-least to the daily resistance level of 152.971 after the retracement from the previous week.