Rayyan_2805

Possible Drop for CADJPY Incoming

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
Possible drop for CADJPY . Price has remained under both 200 and 50 EMA indicating a short bias. Price has hit the resistance of the trend line channel as well as the horizontal resistance zone , both indicating a short bias. Small stop loss of about 40 pips and take profit of around 90 pips. FX:CADJPY