forextamil

CADJPY: Downwards uplifting the Yen Sellers Zone.

FX:CADJPY   Canadian Dollar / Japanese Yen
Hello traders,

With the 82.40-55 resistance-region aptly restricting CADJPY's upside, the pair is likely declining towards 80.65-55 support-zone, breaking which 80.00 may get market attention. If prices continue to trade southwards past 80.00, the 79.60, 79.00 and 78.20 can entertain Bears with a mark of 77.15 before they please them.

Meanwhile, an upside clearance of 82.55 could help the pair to aim for 83.30 and the 83.70-80 numbers to north. Moreover, pair's successful rise beyond 83.80 might avail 84.25 and the 84.70 barriers as intermediate halts before confronting the 85.15-20 resistance-area.

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Happy trading.

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