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peterbokma

CADJPY-Buy strategy

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
peterbokma Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis cadjpybuy
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trendanalysis cadjpybuy
CADJPY is forming a likely W formation and this means we will see much higher levels in the coming weeks.
Th support is in low 87s with current GANN resistance 89.42.

I feel we should be buying between 88.50-88.75 and a stop below 87.25. The objective in the coming weeks is around 92.50.

Comment:
Profit taken at 91.58. Now starting a SELL strategy. (see update today).
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