CADJPY POSSIBLE RETRACEMENT BACK TO SUPPORT
Hey all! Hope you're all well and safe during these troublesome times. I've seen the late afternoon jump on Friday where CADJPY jumped up towards 84 but slowly returned back to 83.5, most likely due to the weekend. I can see a possible short option if the harmonic plays out as there appears to be a double top. My target is the 82 region, which fits the support line nicely that I have drawn in blue starting from mid-December before going higher. However, with oil prices going higher, CADJPY could possibly continue its bullish momentum towards 84 without dropping. Please leave a like if you agree and comment on your thoughts. Thanks.
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