ForceFollower
Short

CADJPY W1: At the Resistance Area

FX:CADJPY   Canadian Dollar/Japanese Yen
58 1 4
CADJPY             has bounced off of the lower border of the upsloping channel to stage a large rally. Now it's hit the resistance coming from the lower border of the downsloping pitchfork , as well as the prior lows of Aug 24th. Given that, some correction back to 85 seems to be justified.

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ForceFollower
10 months ago
If current resistance fails to hold, I expect the one at 88.3-88.9 to mark at least a temporary top for this rally.
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