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TraderMozo

[9/12/21] CADJPY Bearish bias

Short
Canadian Dollar / Japanese Yen (OANDA:CADJPY)  
TraderMozo Updated   
OANDA:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Fundamental Analysis CADJPY CAD jpy Bearish Patterns trend
3
2
trendanalysis chartpattern fundamental cadjpy cad jpy bearish trend
PAIR IN FOCUS: CADJPY
BIAS: BEARISH / SHORT

Market sentiment shifted to risk-off, resulting in a weak JPY which saw CADJPY and other JPY pairs rise. Price is currently retesting a previously broken resistance zone, and could head down. A continuous strong risk appetite in the markets would see this setup fail quickly.
Comment:
Risk-on**
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