USD/CAD – after yesterday’s rise, demand is clearly beginning to weaken. H1 chart shows very narrow consolidation. It takes place at top edge of descending channel. The wider trend is also bearish, so bears can make use of such large correction. In this context, you might want to consider PUT option.
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GBP/JPY – since yesterday there are strong declines, which in the evening have increased in strength. Currently H4 chart shows an attempt to break the last low and descend into new lows. The technical image is therefore negative, which creates possibility to play PUT option.
