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FXSJGOLD
Mar 14, 2022 4:01 PM

CADJPYSELL 

Canadian Dollar/Japanese YenFXCM

Description

CADJPY has broken trendline and should drop even further now. It is also oversold so its due a pullback. CAD INDEX is also respecting trendline and has rejected it numerous times on the 4 hourly candle. JPY has reached the structure level and looks like its lost bearish momentum and has created a inverse Head and shoulder on the daily chart.
SL @ 92.640
1st TP @ 91.600
2nd TP @ 91.000
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