nariks

CADJPY Bearish setup

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
Strong resistance happening around 85 level

Weekly trend Line to act as resistance
Daily Resistance line.

Price is also rising in an ascending channel. Waiting for a 3rd touch of the top of the channel.

Potential drop to 82 level and a break of the bottom of the channel could indicate a move to the 80 level.

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