CADJPY has been moving in a down channel and we have since seen it crash to the downside as of Friday when the JPY gained strength against some pairs. Oil prices did fall which also signified a bit of CAD weakness and the analysis I had in my hands went through smoothly. However, we have two options for a trade, we could see mitigation of the imbalance we saw as of Friday, or we could see a straight move to the downside. Trade wisely. Like, share and comment to interact with me.
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.