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UmarAbdurRehman

CADJPY Short term Bullish - Possible NFP & CAD News trade today

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
UmarAbdurRehman Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Technical Indicators Chart Patterns CAD CADJPY cadjpylong cadjpyanalysis cadjpytrade USD EUR EURUSD GBP
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trendanalysis indicator chartpattern cad cadjpy cadjpylong cadjpyanalysis cadjpytrade usd eur eurusd gbp
CADJPY have been trading within multi-sessions bullish channel, so far price almost reached the top of the channel, as we have an important release about CAD unemployment figures today, i am seeing the scope for a breakout of this channel, expecting the price can test 81.90+.

However this is a short term picture, though overall the momentum on the bigger time frames is still bearish. Please respect the money management guidelines when trading this market.

Good luck!
Trade closed: target reached:

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