CADJPY / H1 / Daily Forex Technical Analysis / 6.12.2019
Hello Traders, welcome to the Daily Forex technical analysis. Today is June 12th, 2019 and we will be taking a look at the Euro against the Japanese Yen. Looking at the 1 hour time we are now looking for a pullback back of the current structure into an area of previous resistance near the 81.3 area, where we would look an entry to go short. Entry for a Short position near the 81.836 area, with a Stop Loss near the 82.106 region, and a target profit level area of 81.279 to possibly ensure a profitable trade with a 2.06 to 1 R/R.
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