JPY running out of bullish steam, may reset back to the trend line and a bounce off.
Note: We are more bearish on this pair now. There is a potential Double Top Setup. Let's see if it is able to break the neck line at 1.312 level Here are 2 trading plans: 1. Short when the price break the neck line powerfully or after breakout followed by pull back. 2. Wait the price correction to the next resistance level at 1.319 level and short again.
The USDCAD has been on a serious up trend today. We believe the pair will continue to rise and test the 1.3304 level.
Just a simple trade. Examine risk and proceed properly.