is the CADJPY set to go lower or will it break resistance?
Entry into the market is indicated in green horizontal lines and target points in navy blue.
Comment:
The pair closed above the rising trendline (yellow zone) forming resistance - the next resistance for the pair sits at 90.59
Comment:
90.59 resistance and 91.268 resistance levels breached.
A close above 91.268 would potentially open up to the next resistance level at the rising trend line.
A close above 91.268 would potentially open up to the next resistance level at the rising trend line.
Comment:
Will keep monitoring this pair, as 90.594 now acts as support. Daily close is key.
Comment:
pair failed to close upside. but headed for downward targets.
Trade closed manually
This information is provided as an opinion only and is in no way meant to be used for trading purposes.