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Cadjpybuy

CADJPY OUTLOOK w bullish outlook1. Retest of previous weekly structure. 2. Next week we see important CAD data coming in. I have a bullish bias on the CAD GOV hiking rates. So a bounce off this structure for me is expected. 3. Good RR with SL below structure. *Anything can happen to bullish bias does not mean shit unless we have decent price action around the structural support area. *Pullback volume is also higher compared to the wave up so next week we will need to determine whether the selling pressure is still there.
by D_Market_Outlook
1
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Short
by fxstargroup
CADJPY testing major resistance, prepare for a potential reversa CADJPY is testing major resistance at 86.26 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance, pullback to descending resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 85.86 (Fibonacci retracement, horizontal overlap support). RSI (55) sees descending resistance line provide corresponding intermediate resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill