workingtraders
Long

$CADJPY Larger trend still in tact. Somewhat improvement in data

FX:CADJPY   Canadian Dollar / Japanese Yen
Fundamentals : In the data prints for CAD, we are seeing minor improvements. No real reason to get dovish on it at least vs Yen.
Oil             still in recover mode.

BOJ - "Weaker yen wouldn't be a big negative for the economy."
We don't have any solid reason to be hawkish on Yen yet. QE still going and inflation targets not hit.

On a technical stand point the uptrend is valid. Short term it looks like a sideways consolidation in the white box on the chart.

RISK EVENT - Greece safe haven buying.



Look at this:



The result of going long on oversold spikes with a 1 atr stop during this strong trend.
snapshot
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Would love to see 100.00 be recaptured.
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Comments welcomed :)
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