We see major potential for SELLS on CADJPY, however, do keep in mind that we expect this pair to also be quite Bullish into next month or April 2021.
Drawing out two scenarios on our analysis here: we are hoping for Scenario 1 this week (but we will see).
If you would like to enter a SELL at 84.551, expect to exit (TP) around 81.543 (which was a previous level of support). However, this pair may move within that range drawn out in Scenario 2. So keep an eye on this one.
Drawing out two scenarios on our analysis here: we are hoping for Scenario 1 this week (but we will see).
If you would like to enter a SELL at 84.551, expect to exit (TP) around 81.543 (which was a previous level of support). However, this pair may move within that range drawn out in Scenario 2. So keep an eye on this one.