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BlueberryMarkets

CADJPY DOWNSIDE POTENTIAL

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
BlueberryMarkets  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators Forex forextrading blueberrymarkets CADJPY USDCAD USDJPY
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trendanalysis chartpattern indicator forex forextrading blueberrymarkets cadjpy usdcad usdjpy
CADJPY has recently formed a new low on the daily timeframe and we expect this pair to continue lower.
The 4hr timeframe highlights the key resistance in further detail. This resistance also holds
confluence with a 50% Fibonacci retracement. We will look for bearish price action at this resistance
with targets of the 127.2 extensions.
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