bbebal

CADJPY CONTINUATION

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
JPY weakness is in full force here, and CAD strength as well. A massive continuation pennant( as seen on the weekly chart) or a triangle(slightly decending) . An upward breakout of this triangle would possibly push CADJPY towards 108 levels initially and 118 thereafter, as a longer term target. An initial entry could be a close above the short term prevailing high of 96.25

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.