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      CAD/JPY breaks trend support- TDS

      FXStreet (Guatemala) - We remain skeptical of CAD/JPY’s ability to rally significantly.

      Key Quotes:

      “Today’s move higher contrasts with the generally negative break of trend support”

      “The small, late July rebound as the CAD pressured trend support off the March lows formed a small bear flag (targets 91.64, a little lower than the low 92 area we have been targeting)”.

      “We think short-term CAD/JPY gains are a sell while the market remains below 94.10”.

      GBP/USD uneventful until key mid week data - FXStreet

      Valeria Bednarik, chief analyst at FXStreet explained that the pound waits for Wednesday.
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