APosner
Short

CAD/JPY in a range for now

FX:CADJPY   Canadian Dollar/Japanese Yen
a year ago
The consolidation in CAD/JPY             reflects the volatility and circumstance in the oil             market. Crude oil             is nearly $50 as I write this post with the Fed’s easy money policy helping price along. Once the euphoria associated with this announcement subsides the reality of oil             overproduction by Saudi Arabia and others, the weakness in global demand and the increased efficiency amongst the major consumers will drive prices lower. Perhaps to $20/barrel.

Price finding resistance in the vicinity of 92.25 opens an opportunity for the price to return to the bottom of the range and ultimately much lower.

www.sealionllc.com
a year ago
Comment: Is the breakout for real? Price has retreated here to what was resistance and now support. Look at the 4-hr chart.
APosner PRO
a year ago
The 4-hr chart here
snapshot
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