FX:CADJPY   Canadian Dollar/Japanese Yen
77 2 0
There are two forks in play. Which one is in control?

Some clues point to the bullish one (eg. the extent by which price reached the corresponding median lines), but for me - the jury is still out, which way to go.

The CAD is showing first signs of being oversold and potentialy ready-to-rise, but remains the weakest currency among the majors. The JPY, quite the opposite, looks overbought and about to start to decline in its momentum cycle, while still being stronger than the CAD.
motleifaul
2 years ago
I don't have this pair on the radar at moment but it looks for me as it should make another test to the upside now.
I was short EURJPY unti this afternoon and got out taking the profit as I am not longer convinced. Perhaps EURJPY will go up as well.
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ForceFollower motleifaul
2 years ago
Right, I'm also inclined to be thinking rather in bullish terms here. Thanks for your comment as usual.
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