Description
⋅ CAD - Weak Bullish
1️⃣ Rising crude oil prices, in addition to a risk-on market environment can support the strength of CAD.
JPY - Strong Bearish
1️⃣ Positive markets put pressure on safe-haven currencies like the JPY.
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Technical
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We are buying the CADJPY after it fails to break support level and bounced back.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.