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CAD - BEARISH
1️⃣ Oil prices dropped over 1% on Thursday amid concerns that second wave of COVID-19 infections could hinder fuel demand recovery.
2️⃣ A turnaround in the global risk sentiment as depicted by a sharp fall in the equity markets.
JPY - BULLISH
1️⃣ The Japanese Yen gains as accelerating coronavirus infection rates continued to dampen hopes of recovery for the United States economy.
2️⃣ The recent escalation of diplomatic tensions between the world's two largest economies forced investors to take refuge in traditional safe-haven assets.
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Technical:
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- Im look to short this pair on SBR level + SMA 50 area on h1 chart.
- CADJPY in bearish zone.
1️⃣ Oil prices dropped over 1% on Thursday amid concerns that second wave of COVID-19 infections could hinder fuel demand recovery.
2️⃣ A turnaround in the global risk sentiment as depicted by a sharp fall in the equity markets.
JPY - BULLISH
1️⃣ The Japanese Yen gains as accelerating coronavirus infection rates continued to dampen hopes of recovery for the United States economy.
2️⃣ The recent escalation of diplomatic tensions between the world's two largest economies forced investors to take refuge in traditional safe-haven assets.
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Technical:
=====
- Im look to short this pair on SBR level + SMA 50 area on h1 chart.
- CADJPY in bearish zone.
Trade closed: target reached
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