USDJPY and USDCAD Intraday: Elliott Wave Analysis
USDJPY is turning down right now, probably into our wave c that can be targeting 116.50-117.00 area. Ideally bearish will stop here and cause a turning point to the upside. If we will see an upward reaction from the highlighted levels then we might be looking for longs in sessions ahead.
USDJPY 1h Elliott Wave Analysis
USDCAD might have already completed a corrective fourth wave so new highs could follow soon, but maybe not for long as we see pair breaking up into fifth wave within an extended red wave iii). We see technical resistance near 1.2420/50, from where a red wave iv) could occur in days ahead. This fourth wave would be on my radar screen for longs.
USDCAD 1h Elliott Wave Analysis
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