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MonsunAsia
Aug 24, 2021 4:07 PM

CADJPY - Bullish Bias Long

Canadian Dollar/Japanese YenFXCM

Description

CAD - Strong Bullish
1️⃣ CAD benefited from the surge in WTI crude oil prices and the positive market environment.

JPY - Strong Bearish
1️⃣ The recovery in the stock market is pressing demand on the safe-haven currency JPY.

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Technical
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We are buying the CADJPY after it failed to break and bounced back at support levels.

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Risk to this trade
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Any change in sentiment could turn the pair's direction.

Trade active

Trade closed manually

✅ CLOSE MANUALLY ON 87.300

+35 PIPS

Asian shares is trading lower.
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