Canadian Dollar Analysis for CADJPY Short!Disclaimer: Idea is to complement your research.
With CADJPY Short for Bias, CXY (Canadian Dollar) has fail at 82.78-87.29 zone.
Currently Price is testing 82.78 Resistance;
A rejection to the Downside could see a Test of 79.7-78.16 zone (Previous Resistance for New Support).
Keep in mind:
A Weaker CAD and a Stronger JPY will Bear CADJPY.
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Cadjpyshortsetup
CADJPY - SHORT; SELL it right here!!This pair is also ready to go (down), right alongside it's other carry trade siblings - CAD/CHF, NZD/CHF, NZDJPY, AUDJPY.
All of these pairs a major Shorts, from here;
This one (CADJPY) ought to be good for ~500 pips from here.
Here is the Short Entry off of the 4 hr.;