As we can see in the chart bearish momentum kicked in on CADJPY breaking the pair out of the the upward channel. After the drop we retraced and are currently rejecting the our zone level right at the 50% and 61.8% fib level. Looking for bearish momentum to continue for a possible 1:4 RR.
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.