The USD/CAD bulls appear to have lost their grip on the pair after struggling to hang onto the 1.1200 mark. The recent pullback has left a Bearish Engulfing formation in its path, which awaits confirmation from a successive down-day. Validation would warn of a deeper setback towards the psychologically-significant 1.1100 handle. Bearish Engulfing Pattern Warns Of A Deeper Setback ...
USD/JPY Technical Strategy: Sidelines PreferredBearish Engulfing Pattern Finds ConfirmationClose Below 108.00 Floor May Open 107.00 USD/JPY is at a critical juncture as the confirmation of a Bearish Engulfing formation warns of a deeper setback for the pair. A close under the 108.00 floor would be required to open the next leg lower to the 107.00 barrier. Bearish Engulfing Pattern Receives Confirmation ...
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