USDJPY may continue lower as we see a turn down from the highs as a leading diagonal; thus start of a new change in trend that will ideally resume through 112.94 bearish level, while pairing trades below 114.20 invalidation level.
USDJPY 1h
USDCAD is in a similar trend; also turning south quite aggressively which can be a wave A of a bigger corrective set-back which can take pair even back to 1.3055 this month. That said, before 1.3055 can be reached, we need to wait for a new temporary three-wave set-back to the 1.320 area as wave B.
USDCAD 1h
