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HUMCRYPTOCLUB
Dec 29, 2023 9:09 AM

CADJPY Short

Canadian Dollar / Japanese YenFOREX.com

Description

The market has breached below the support overlap, signaling a potential reversal towards the take-profit level.

To take advantage of the increasing selling pressure, it is advisable to initiate a sell position at 106.996, aligning with the resistance overlap.

Recognize the support level at 105.413 as a point for a potential pullback.

Caution is advised when trading Forex with margin, as it involves significant risk and may not be suitable for all investors. Exercise prudence.
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