CADJPY has completed a nice motivewave to the upside and should now retrace into the territory of wave 4. Also MACD histogram is pointing down, so we have a bearish convergence on both the chart and the histogram. I expect our second target to be at aroud 95(The bottom green box).
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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.