CAD/JPY broke its bullish trendline with a strong impulse move.
It is currently testing its broken trendline which also coincides with a resistance.
Hence we expect the bears to hop in to the counter here and take the price downward.
It is currently testing its broken trendline which also coincides with a resistance.
Hence we expect the bears to hop in to the counter here and take the price downward.
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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.