Good day traders! Let’s look at USDCAD and USDJPY.

USDCAD is at the low of the day, now close to our 1.2730-1.2800 support area where wave c may complete a flat correction in wave 4. Ideally, we will see a bounce in the next 24 hours.

USDCAD, 1H

USDJPY made a new spike lower, away from 114.21, which we now see it as sub-wave C of 2). Ideally, this drop will search for support near the Fibonacci ratio of 50.0 or 61.8, before a new rally higher comes in play.

USDJPY, 1H