The British pound is trying to turn up from the lower side of a corrective channel, but since it's Friday, we think that pair will slow down and stay trapped within a current double zigzag correction. As such, we expect slightly more weakness next week, before market may turn up from 1.2800-1.2860 zone. Unless 1.2983 is out; then we should start watching back above 1.3030.
The U.S. dollar/Canadian dollar (USD/CAD) currency pair is at new low after CAD data came out 45.3K vs 11.4K. We adjusted the wave count a little, but still, see the pair in the fifth wave which means it can be final leg within higher degree impulse. There is a chance for a bounce early next week, up from 1.2820/50 in three waves.
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