Watch this pair closely. There might be a nice trade to the upside, if OANDA:CADJPY breaks the monthly long downward correction channel. Wait for an impulse and a flag, to confirm the pair's intentions, as the price might correct further to the downside to the 0.618 Fib area. Nonetheless, if it breaks, don't miss this great trading opportunity with an excellent R/R. Trade with care and only with a tested strategy. Don't forget to like us if you think our analyses and comments might be useful to your trading.