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Investroy
Jan 17, 2022 2:43 PM

CAD/JPY: potential drop pending Short

Canadian Dollar/Japanese YenFXCM

Description

As it can be inferred from the graphical illustration, the price is currently located at the area of a crucial level of resistance. We are expecting for the price to form a decent top before possibly dropping all the way till the area of support shown on the chart.
Comments
yonsfx
Great job
Investroy
@yonsfx big thanks, my friend
Michael_Winner
Definitely on a great cad/jpy chart brother
Investroy
@S-group 💪🏻💪🏻
Mihai_Iacob
Great resistance for short.
However, oil is on the run, so we can see a break up
Investroy
@OptimoomFX exactly! Let’s be patient and see what happens
MadWhale
Close to important resistance, we can see correction here
Investroy
@MadWhale absolutely!
TradingBonus
Solid work mate!
JoeChampion
Yes, my thoughts are going on the same direction!
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