The USD/CAD pair edged higher in the intraday levels as the important support of $1.4280 held its ground, amid the dominance of the upward correctional trend, with the pair trying to recoup some recent losses while venting off oversold saturation in the RSI.

The British Pound against the Dollar (GBPUSD) retreated in its intraday trading due to the firm key resistance at 1.2985, as the pair rushed to lock in profits from its recent gains. It is also trying to shed some of its obvious bullish overbought condition indicated by the RSI—especially as a negative crossover begins to form—to consolidate positive momentum that might help it break through this resistance. This occurs amid the dominance of the primary uptrend and trading along both primary and secondary trendlines, in addition to continuous trading above its 50-day simple moving average, which provides further positive pressure.

Therefore, our forecast is for the pair to rise in the upcoming sessions, particularly if it manages to break the aforementioned resistance at 1.2985, and then immediately target the first resistance level at 1.3050. This bullish scenario remains valid as long as the support at 1.2900 holds.

• he USD/JPY pair rose in its recent sessions amid the dominance of an ascending corrective trend and trading along a trendline.
• It is supported by continuous trading above its 50-day simple moving average and positive RSI signals, despite the RSI reaching overbought territory.

• The pair is moving to complete a developing harmonic pattern, specifically the Gartley pattern.
• Therefore, our forecast indicates further gains in the upcoming sessions, targeting a resistance level of 150.10 as the endpoint of the Gartley pattern, provided that the support at 148.25 holds.
• It is worth noting that the formed Gartley pattern is inherently bearish, so close monitoring of the price is advised for any potential reversal signals.