FX:CADJPY   Canadian Dollar / Japanese Yen
BROKE OUT OF WEDGE TREND
HIT SUPPORT AND WHEN BULLISH , HOWEVER WE HAVE NOW FORMED A SHOOTING STAR CANDLE STICK. FURTHERMORE THIS IS A STRONG CANDLESTICK SIGN OF A REVERSAL IN TREND.
WE HAVE ALSO JUST HIT THE 50% MARK IN FIBONACCI MEANING WE COULD EITHER GO BEARISH FROM HERE, OR IT MIGHT GO BULLISH AND THE 61.8% MARK AND OUR RESISTANCE LEVEL THEN BE A STRONG BEARISH TREND .
WE SHOULD GO BEARISH AND HIT THE 78.737 (-27.00 MARK).