CADJPY is testing 90.50 support level. Price very hesitate to break the 87.30 low. Buyer always comes when the price testing the support zone 90.60 - 88.00 area. Seller may be sitting at 95.00 level and the down slope line may resist the price move.
This formation is reverse chart from USDCAD daily chart, where the price is also likely hesitate to break its resistant, but also no solid confirmation to reverse the trend.
Bullish setup strategy will be nice on daily or any intraday chart with 95.00 or Down Slope line as the 1st target, then back to bearish moves.
This formation is reverse chart from USDCAD daily chart, where the price is also likely hesitate to break its resistant, but also no solid confirmation to reverse the trend.
Bullish setup strategy will be nice on daily or any intraday chart with 95.00 or Down Slope line as the 1st target, then back to bearish moves.