Weekly Forex Pairs Analysis- 21th of Feb- 25th feb 2022

GBP/JPY

The pair has being in a ranging momentum from 157.701-149.901,there was a rejection bar/tailed bar within the zones, and also a 50% retracement of the bar at 156.911.

Trading Focus– Bearish bias, we are waiting for a reversals and join the bearish momentum in a near term.

Tradeforextraps

AUD/CAD

The pair starts a bullish momentum in the last weeks and hit a brick wall at 0.9111 by forming a bullish pin, a slight bearish reversals occur before another bullish rally. We are anticipating a bullish price action to clue us into a bias.

Trading focus– Anticipating a bullish price action in a short term.

TradeforexTraps

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