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TraderTech
Mar 8, 2015 3:28 PM

CAD/JPY looking to rollover Short

Canadian Dollar/Japanese YenFXCM

Description

CAD/JPY looks ready to rollover. It is ideally touching the 50 MA or daily Ichimoku cloud, but it looks like it runs out of time. If the pair breaks the trend line support (which is likely early next week), then it gives further confirmation to sell. The pair should at least target 50 back at 94.15 if not resuming to new low.
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