In the big picture (our 3 day chart) CAD/JPY is at resistance with the RSI momentum waning. Stochastic and price have both put in lower highs with the stochastic looking like its ready to place yet a third lower high.
On the daily chart the pitchfork does a good job of mapping the price action with a range between ~.94 and ~.91. As price bounces between support and resistance in this downsloping pitchfork now is the time for reversal to the downside.
On the daily chart the pitchfork does a good job of mapping the price action with a range between ~.94 and ~.91. As price bounces between support and resistance in this downsloping pitchfork now is the time for reversal to the downside.