Elliott Wave Analysis: USDCAD and USDJPY
USDCAD has turned down once again from the upper channel resistance line, but this fall is now much stronger than the previous one, so be aware of more weakness, especially if pair will manage to break below the lower support line which may open door for 1.3417.
USDJPY is bullish, and can see more upside within current rise as recovery from April 14 is not in five waves yet. As such, be aware of a current pullback as wave four which may find support near 110.60 from where uptrend may resume into a final wave five towards 112.00-112.20.
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