MujkanovicFX

CADJPY Potential Buy on H4

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
CADJPY is trading inside an uptrend channel and has found support at a rising trendline, which forms a confluence support together with the falling daily trendline. There is also a horizontal support around 83.50.

The Canadian dollar seems to start reversing its losses on higher oil, while the Japanese yen will likely be impacted by a (potential) Trump-Kim deal and expected progress in US-China talks.

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