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Technician

CADJPY: Pin Bar at Potential Reversal Area

Canadian Dollar / Japanese Yen (FX:CADJPY)  
Technician  
FX:CADJPY   Canadian Dollar / Japanese Yen
26
13
Watching this confluence
  • 200-Days SMA
  • Rising Trend line resistance
  • 127.1 extension level for the latest bearish wave
  • Shooting star candle

Chances for another bearish leg seems above 50 percent for me. A break below yesterday's low at 97.14 may confirm a short trade.

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