CADJPY is Bearish
Price was in a strong uptrend, however a double top formation with bearish RSI divergence on hourly time frame hints that bears are trying to assume control of the price action. If the higher low is broken successfully then we can expect a bearish reversal as per Dow theory. Targets are mentioned on the chart.
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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.