CAD/JPY: Do The Bulls Still Have More Juice In Them Ahead?
Following the trend analysis approach, with price crossing above the 100hour Moving Average at 81.360 with the red trend line serving as support, the bulls potentially have displayed a sheer force in staying far away from the 100hour Moving Average.
However, are the bulls losing control or do we have a potential retest on the trend line which could serve as a strong opening position, but awaiting the market openings, are we to expect a breakout or a continuation of the trend?
Key Notes:
Zone B shows a potential resistance area with prices consolidating and the bears aiming to safeguard the area of value.
However, are the bulls losing control or do we have a potential retest on the trend line which could serve as a strong opening position, but awaiting the market openings, are we to expect a breakout or a continuation of the trend?
Key Notes:
Zone B shows a potential resistance area with prices consolidating and the bears aiming to safeguard the area of value.