Johanes

CADJPY Heading to 84.00

Long
FX_IDC:CADJPY   Canadian Dollar / Japanese Yen
Based on the currency band pricing structure of the medium term exchange rate target zone by the target zone for exchange rate and the management of global currencies, the CADJPY is predicted for bullish to 84.00 and or to the equivalent rate of USDCAD at 1.3000 (bearish) despite USDJPY is heading to 102.00 (bearish). The bearish on USDJPY will cause the CADJPY to bullish by intervals (intraday and weekly), therefore long trade shall be adjusted to intraday and weekly ceilings.
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