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CADJPY: Strong Selling Pressure Evident
Canadian Dollar / Japanese Yen
Short
CADJPY: Strong Selling Pressure Evident
By NovaFX23
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Nov 3, 2024
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Nov 3, 2024
A bearish breakout has occurred in CADJPY, with the price breaking below both an upward trendline and a horizontal demand zone.
Following a retest of the broken trendline, a strong rejection suggests potential for further downside movement.
The next key support level to monitor is 108.83.
Candlestick Analysis
Support and Resistance
Trend Lines
NovaFX23
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