ForecastCity

💡Don't miss the great sell opportunity in CADJPY

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (81.94).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. CADJPY is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.

Take Profits:
TP1= @ 81.24
TP2= @ 80.56
TP3= @ 80.18
TP4= @ 79.27
TP5= @ 78.35

SL: Break Above R2

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