jojofang0901

CADJPY SHORT TRADE SETUP

Short
jojofang0901 Updated   
FX_IDC:CADJPY   Canadian Dollar / Japanese Yen
23
Hi everyone:

Another short opportunity on JPY pairs, this time is on CADJPY.

We have a nice break down from the channel, and a pullback to the support trend line. As all other JPY pairs are bearish, we can expect CADJPY to drop as well.

The daily chart is also sitting on resistance, roughly 87.50 area.

Thank you for your support and feedback.
Comment:
Here is the daily chart:


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