DRWishunt101

DRWishunt101

CADJPY was on its resistance level in the previous days. The last trading session last week was closed in favor of sellers. It can continue to fall to its support level because the structure of the trend of the pair is still ranging. Always trade with caution. Practice proper risk management.

DRWishunt101

It has created a double top in 4h chart and RSI shows that its bull strength is weakening, The level too on RSI where it was reversed during the previous session.

DRWishunt101

We saw a rejection last week on its resistance level around 1.1000 and broke the short term support @1.093XX. I can see that this week will be for sellers.