The British pound seems to be weaker

The situation on the pound looks quite clear. We have a short term downtrend that may deepen further to 1.3740. This level is support and fibo 61.8. Looking at the chart at the moment, you can see that the price is rising, and you can basically risk a long position during the correction. In the picture, I showed when we will be able to think about long positions in the longer term. Until then, any downside signal should be considered as a continuation of the move. In the second picture of M1 I showed what will be a signal for me to continue short positions.

NZDCAD close to the support zone

Long time not discussed instrument because I mainly focus on the British pound and the German index. Currently, the price is in the correction phase and is approaching the support I have indicated in the image. However, due to the lack of intensity of traffic that we could observe in the last months, I would have planned a possible entry in a smaller position because I am not convinced by the strength of buyers. We have a period of lower volatility and less capital in the market, so there is no clear trend. And when there is no trend there is a higher risk of losing.