USDCAD is in bullish mode since May 14; making an impulsive rally that can extend even higher today, ideally up to around the  1.2300 area with a fifth wave. On the downside, support can be found near 1.2160-1.2200.
USDCAD 30min Elliott Wave Analysis
On USDJPY we see five waves up from around 119.17 that we see as an extended structure in wave iii) so a pullback could follow ahead of the FOMC today. That would be wave iv) that can retrace back to the area of a former wave four, seen around 120.50. As such, keep an eye on that levels for possible continuation higher later today.
USDJPY 1h Elliott Wave Analysis
