Hello Traders,
We’re keeping a close watch on CAD/JPY for a potential selling opportunity. The pair has been in a strong downtrend for months, and the bearish pressure remains intact. At the moment, price has retested its falling trendline resistance, making this a key level to monitor.
I'll be looking for short entries from this zone, with targets set at 103.630 and an extended target at 101.470.
If you find this analysis helpful, a boost would be greatly appreciated. Thank you!
We’re keeping a close watch on CAD/JPY for a potential selling opportunity. The pair has been in a strong downtrend for months, and the bearish pressure remains intact. At the moment, price has retested its falling trendline resistance, making this a key level to monitor.
I'll be looking for short entries from this zone, with targets set at 103.630 and an extended target at 101.470.
If you find this analysis helpful, a boost would be greatly appreciated. Thank you!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔥Free Telegram Channel For Signals👇
t.me/+cJIWSM9RjvgyYzg0
t.me/+cJIWSM9RjvgyYzg0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.