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CADJPY: Breakout & Bearish Forecast

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
VasilyTrader  
FX:CADJPY   Canadian Dollar / Japanese Yen
Technical Indicators Wedge Support and Resistance Relative Strength Index (RSI) signals signalservice CAD CADJPY canadiandollar yen
51
5
indicator wedgepattern supportandresistance relativestrengthindex signals signalservice cad cadjpy canadiandollar yen
snapshot

CADJPY has clearly respected 83. structure resistance level.

we see a cute double top formation in conjunction with rsi divergence and bearish breakout of a rising wedge pattern.

I think than the pair may recover a bit and then we will see with you a bearish impulse to 82.4 / 81.8 levels.

a wise stop will be 83.2 level

good luck!

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