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rludvik
Dec 28, 2018 8:23 PM

CADJPY - in turmoil 

Canadian Dollar / Japanese YenFOREX.com

Description

Looking from weekly perspective, this 80-ish support area doesn't look too confident. It was bouncing zone three times in 2017 and two times in 2018 - will it hold another test?

Weekly chart:


On daily it looks like it will perform divergence, similar as it did in March, but let's give it some more time:


Hourly is showing us steady selloff in the lat two days:


So, what now? :) I'll wait for things to settle down here. If it will bounce up or cut below, there is a great possibility that this area will be visited again. I won't touch this one in 2018.

Merry holidays!

Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
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