Oliverotchere

CADJPY ON THE FALL

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FX:CADJPY   カナダドル/円
CADJPY is falling and it will continue to fall until the market say "stop" which will be at major support as barrier on the way tho the downside. After the breakout of the channel that started forming with years low at 19th march on 5th December, these breakout followed a retest of the channel on 13th december and completed what i call the special engulfing on 14th December. All these give confirmation to the sell trade. It reveal the new supports as 82.195 and 80.500.

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