🇨🇦 CAD - Strong Bearish 1️⃣ Risk-off sentiment and declining oil prices weighing on the CAD. 2️⃣ Canadian GDP shrank 0.3% on quarter in Q2 2021. 3️⃣ Canadian trade balance for July is expected to decline.
🇯🇵 JPY - Strong Bullish 1️⃣ The JPY benefits from a risk-off market environment.
===== Technical =====
We are selling the CADJPY after it failed to break the resistance of 87.400.
===== Risk to this trade =====
Any change in sentiment could turn the pair's direction.
Trade active
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Trade closed: stop reached
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❌ TRADE HAS HIT SL
-50 PIPS
Risk-on tone during Asian session support the high-beta currencies.