CADJPY OUTLOOK
seems like the market id giving is a bearish outlook on this pair for the following reasons:
we notice that the pair has once again come to the resistance zone of 91.480 - 91.680
we also not the supporting trend in blue has been broken and now being retested
there is a completion of the w formation leading to a retest as perivously stated.
the completed w formation is also giving us an bearish sentiment
HOWEVER the RSI is showing that there is still space for the market to be moving bullish so this may lead to a break above resistance a retest then bullish movement
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fundamentals
No news available at the current time.
we will update you as more news becomes readily available.
we notice that the pair has once again come to the resistance zone of 91.480 - 91.680
we also not the supporting trend in blue has been broken and now being retested
there is a completion of the w formation leading to a retest as perivously stated.
the completed w formation is also giving us an bearish sentiment
HOWEVER the RSI is showing that there is still space for the market to be moving bullish so this may lead to a break above resistance a retest then bullish movement
------------------------------------------------------------------------------------
fundamentals
No news available at the current time.
we will update you as more news becomes readily available.
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