CADJPY Technical Outlook

CADJPY managed to bounce back above the most recent support trend-line creating what's known as a "Fake Out" This suggests the bulls are still winning the battle and that further upside should be warranted. However, a break below the previous low (below lowest point of fake out) would expose further downside towards the Support Zone. At the time of writing this commentary, my bias is bullish towards the resistance zone.

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Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.

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