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MlungisiThekisoKa-Maqina
Jan 3, 2018 10:49 AM

is the CADJPY set to go lower or will it break resistance? 

CAD/JPYOANDA

Description

Entry into the market is indicated in green horizontal lines and target points in navy blue.

Comment

DISCLAIMER:
This information is provided as an opinion only and is in no way meant to be used for trading purposes.

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.

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

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