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JoeChampion
Apr 1, 2023 2:36 PM

CADJPY Potential Downsides Short

Canadian Dollar/Japanese YenFXCM

Description

Hey Traders, in the coming week we are monitoring CADJPY for a selling opportunity around 99.400 zone, CADJPY is trading in an uptrend and now seems to be in a correction phase in which extending pullbacks are approaching the major trend around 98.4 resistance zone. We would also consider potential JPY strength as there are expectations about major changes in BoJ monetary policy.
Trade safe, Joe.
Comments
AftabWazir
i have trades in sell from 96.5
JoeChampion
@AftabWazir, Good luck!
MonoCoinSignal
Thank you for shedding light on this topic.
JoeChampion
pejman_zwin
Great point. We should wait for a pullback.👌🏻
JoeChampion
@pejman_zwin, Sweet Pejman!
basictradingtv
Keep it up mate!
JoeChampion
@basictradingtv, Thank you buddy!
HAMED_AZ
Agree with you
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