georgi.danov

CADJPY retesting H&S neckline

Short
OANDA:CADJPY   Canadian Dollar / Japanese Yen
This is H&S with 10 year base so it's slow moving. We see yet another retest of the neckline (resistance) after the breakdown early March this year. If the 80 level resistance holds, the H&S target is ~60 which is whopping 20% move. Once again — the pattern is with 10 year base so it won't happen overnight.

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