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Canadian Dollar / Japanese Yen
Long

CADJPY - Wait for breakout of channel

52
Price is currently on accumulation phase of the uptrend move between the Monthly support (pink dashed line) and Weekly resistance (purple dashed line) zone. Wait for price breakout of the channel and form a continuation correction before entering the market going long as shown by yellow path.
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Economic CyclesSupport and ResistanceTrend Lines

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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.
Economic CyclesSupport and ResistanceTrend Lines
R-T

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.