WTC-Noname

Weekly Outlook for CADJPY

Short
OANDA:CADJPY   Canadian Dollar / Japanese Yen
CADJPY: 4-hour right side is down against 9/12/2019 peak (82.08). 1-hour right side is turning down against 81.84 high. Near-term, while bounces fail below 81.84 high and more importantly below 82.09 high expect pair to extend lower. At this stage, pair needs to break below 8/25/2019 low (78.4) to avoid a double correction.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.