MrB_

CADJPY H4 Short

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
In my opinion the overall trend is bearish . The weekly/Daily Fib has found resistance at the 61.8% showing major rejection at this level also at a psychological round number 85.000. H4 channel has been broken to the downside and seems to be currently retesting this area. If we can get a continuation I believe we can reach the channel base, Fibonacci base and possible the Fibonacci extension .