CADJPY - bears are back in control
Update Jul 9th. Took profit at my limit. Waiting for a pullback to 0.9650 to reenter.
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- Oil broke out of range putting pressure on CAD.
- The inability to find a deal today b/w Greece and creditors = risk off = bullish JPY
Next hurdle is the 50% fibo and horizontal support at 96.50. Reinforce position on a break of the support.
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- Oil broke out of range putting pressure on CAD.
- The inability to find a deal today b/w Greece and creditors = risk off = bullish JPY
Next hurdle is the 50% fibo and horizontal support at 96.50. Reinforce position on a break of the support.
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