The CAD/JPY pair has is currently in an ascending channel.
But it has formed a head and shoulder pattern which shows weakness in the pair.
Hence we expect the pair to give a bearish breakout from the ascending channel.
But it has formed a head and shoulder pattern which shows weakness in the pair.
Hence we expect the pair to give a bearish breakout from the ascending channel.
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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.