Cadjpy is in a 1 hr channel going bullish. it just went on a bullish run to the top of the channel and met resistance at 91.390. before it continues on its bullish run i believe it will descend for a retracement to 90.787.
Price Just Broke Our Ascending Channel On Higher Time Frames Wait For A Pullback Or The The Break Of The Correction Within The Trend line For A Much Safer Reduced Risk Entry
CADJPY has been printing higher lows and higher highs on the lower timeframes. However RSI and MACD are showing weakness in this uptrend. A drop in this pairing is what will be looked out for.
Although price closed pretty bearishly on Friday, the ascending trendline and support 83.102 looks strong enough to hold. And if you look on the weekly timeframe, there’s...
