While CAD/JPY rates are still hovering below resistance that is constraining a breakout.it’s too soon to say that the CAD/JPY bullish
breakout attempt has been denied. It remains true that clearing 81.58 and 81.91 would be strong indications that CAD/JPY
rates were embarking on an earnest bullish
breakout attempt… CAD/JPY
rates are starting to regain bullish
momentum.While the CAD/JPY
chart suggests more patience is required, traders should be on alert for another attempt at parallel channel
resistance in the 81.58 to 81.91 zone in the next week or two.