TradingView
thedailychartist
Jan 21, 2021 2:07 PM

CADJPY Weekly Chart Attempting a Major Breakout Long

CAD/JPYOANDA

Description

Buying pressure seems to be building nicely and pointing to a possible breakout sooner rather than later.
A weekly close above 82.00 would be a bullish signal. A successful breakout could target the 84.30 area for starters.

The HR chart is showing an expanding triangle at resistance level. Looking mighty bullish IMO but still needs to break away from this consolidation pattern.

More