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CyclicalWaves
Nov 11, 2015 7:36 AM

CADJPY; Another Bearish Phase Likely Short

FX:CADJPY1D
Canadian Dollar/Japanese YenFXCM

Description

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After heavy declines, this pair is carving out a bearish rising wedge formation. We think that this structure will break to the downside and if the latest swing low at 90.57 is broken, our bearish view will be reinforced.

Good luck,

Cyclical Waves Group
CADJPYcadjpyshort
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