USDCAD
We have seen a nice and strong move up to 1.4700 where we think that the pair is looking for a top as we see a price action in sub-wave five. In fact, today there is a lot of important data coming from Canada, including BoC rate decision and the policy report, so we would not be surprised if maybe the current bullish trend will slow down.
USDCAD, 1H
EURJPY
EURJPY is ticking lower, possibly headed down into wave 5 towards 126.00 area as the triangle in wave 4 appears completed. Even USDJPY has room for 115.30 still, which can help EURJPY weakness, but keep in mind that both pairs are in fifth wave, so the downside could be limited anyway. A new corrective rally may unfold till the end of the month.
EURJPY, 1H
