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InvestingScope

CADJPY: Sell opportunity on 1D.

Short
Canadian Dollar / Japanese Yen (FX_IDC:CADJPY)  
InvestingScope  
FX_IDC:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators CADJPY CAD jpy canadiandollar japaneseyen Forex Currencies currency
15
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trendanalysis chartpattern indicator cadjpy cad jpy canadiandollar japaneseyen forex currencies currency
The pair has been on a non-stop rise inside a 1D Channel Up up until Friday that it met the MA200 (orange line). This has initiated a bearish reversal on the previous 3 occasions since December 2018. Most likely it will have a similar effect and we are choosing to sell it with a TP = 80.585. If the MA200 breaks, the price may then seek the 1W Resistance (85.250) before an even stronger rejection.








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