Today the main event of the day will be CPI from US but the rate decision from the BoE also got some attention.
USDCAD ahead of the CPI is forming a bearish flag. This pair likes and uses trend continuation pattern so we should see a further drop, obviously if the CPI will allow us to do so.
EURGBP was pointing south even without the help of the BoE. We had a failed wedge false breakout, then a drop and a rectangle. The rectangle on the local support promoted the downswing and that what happened. Next support is on the 38,2% Fibonacci.
CADJPY is a good trading opportunity for the long-term traders. They can use here a massive inverse head and shoulder pattern and a positive swap points.