matic short I took yesterday
I discussed CADJPY in Sunday's Forex Weekly Outlook video, and we are close to taking out that target.
Watch these levels, the closure of this 8 hour will be important. If bulls want control now is the time to step in and show us.
As we know weekly closes are vital, we will not have a direction until we close higher than the retest line, or lower. I will be watching to see if the rest of the week retraces. If it does I will be looking for my target to be reached, if not, then i will be looking for short opportunities next week.
So in this session the dollar is struggling with a bit of resistance. If we close the weekly here or lower, will be good for EURUSD longs.
i do believe we will be hitting this target this week, that target is 127.504