CADJPY Analysis
CADJPY made deep retrace to 0.5 Fibonacci level. Price made some recovery and currently price is at resistance level. If price manages to break this level I will be buying this pair on small retrace, as overall trend is still bullish and pair has made significant recovery. However current resistance can push price back to 0.38, so it would be better to wait for clear breakout of resistance level.
Disclaimer
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.