blowe7

A case for the CAD/JPY

Short
OANDA:CADJPY   Canadian Dollar / Japanese Yen
CAD/JPY is currently at a strong resistance zone. On the weekly chart there is clearly negative divergence ( price made a higher high on lower momentum). I am waiting to see what develops next week via price action, but in my view, CAD/JPY may be heading down soon. Potential targets of 88.318 and 85.555
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