Hi
The CADJPY is bearish towards the 87.000 area, right now the price is forming an LL,...-an LH will need to form for a continuation to the downside. But, that LH is not clear yet.
Some caution over the support line at 89.073, as the price could potentially rally up strongly from there.
Thank you, and, Happy Trading.
.
Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; -it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.
The CADJPY is bearish towards the 87.000 area, right now the price is forming an LL,...-an LH will need to form for a continuation to the downside. But, that LH is not clear yet.
Some caution over the support line at 89.073, as the price could potentially rally up strongly from there.
Thank you, and, Happy Trading.
.
Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; -it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.