CADJPY: Time to Drop Lower
CADJPY had been consolidating in a wide trading range for nearly a month before a significant news announcement caused the pair to turn bearish.
The price broke below a key support level on the daily chart, indicating a potential downward trend.
The next support level to watch for is at 107.15.
The price broke below a key support level on the daily chart, indicating a potential downward trend.
The next support level to watch for is at 107.15.
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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.