USD/CAD – on H4 chart is a in a downward trend, but recently a correction is taking place. Correction fits to formation of a flag – a channel with slightly rising slope. Price is at its lower edge and it is possible that another rebound will take place and in longer term price will head towards the trend line. In short time correctional growth is possible.
EUR/JPY on 4-hour chart shows strong gains after breakout from bearish channel which stopped at level of previous high. It looks like that a correctional movement begins, where main role plays support at the previous high. In this context, consider PUT option.
