ForecastCity

Don't miss the great sell opportunity in CADJPY

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (76.48). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. CADJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 34.

Take Profits:
TP1= @ 75.70
TP2= @ 75.30
TP3= @ 73.85

SL: Break Above R2

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