For now, it already hits the horizontal resistance. We starts to see bulls trying to be the momentum going, however due to overall market outlook analysis we could see CADJPY preparing for huge drop short!
Next week, CADJPY going to retest the support. We’ll be seeing a few rejection around 105+ before it reaches to 103 at least.
Keep in mind that next week will be bearish for CADJPY. It might be a fake breakout to trap the bulls.
My analysis still stays bearish for CADJPY.
Next week, CADJPY going to retest the support. We’ll be seeing a few rejection around 105+ before it reaches to 103 at least.
Keep in mind that next week will be bearish for CADJPY. It might be a fake breakout to trap the bulls.
My analysis still stays bearish for CADJPY.