FX:CADJPY Canadian Dollar/Japanese Yen
Last week ended showing strength in the Canadian Dollar and there is no significant strength shown on the Japanese Yen . Technically, there is a big shadow candle on the H4 chart the previous candles near the support structure. Buy stops can be placed just above the big shadow high with stops below the low. As there is no significant structure above, we can adopt the trailing stop approach for taking profits.