CADJPY pair showing down trend on 4 hourly chart. It closed below significant weekly support on both 1 hourly as well as 4 hourly charts. My call is SELL on current level.
Comment:
A rebound from 87.578 support expected due to formation of a Bullish Hammer on daily chart. Reentry with a SELL stance is recommended at 88.499 weekly support recommended as the pair is in a bearish trend on both 4 hourly and daily charts with lower highs and lower lows.