The CAD/JPY pair is currently facing strong resistance at the value of 87.000.
It has broken its trendline and retested it also.
Moreover an engulfing candle has also formed which indicates the resumption of downtrend. Hence we expect the pair to move south from here.
It has broken its trendline and retested it also.
Moreover an engulfing candle has also formed which indicates the resumption of downtrend. Hence we expect the pair to move south from here.
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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.