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Cadjpyanalysis

CAD/JPY Sell Opportunity as long as below 91.80 CAD/JPY is hovering nearly to its trendline resistance zone. CAD is a bit strong enough against most of the major currencies. But JPY is considered a safe-haven asset, and we should not forget it. And technically, many times, CAD/JPY dropped from the trendline resistance level. So, I am expecting this also CAD/JPY can drop from the trendline resistance zone to 89.89 (Trendline support). Last week CAD/JPY bounced from the trendline support zone of 89.25. SO, as long as CAD/JPY is unable to break below 89.25, it may not go in long-term sell as well. But if CAD/JPY breaks below the trendline support level of 89.25, we will see more downside pressure in CAD/JPY. Breaking below 89.25, our first target to the downside is 87.87, and breaking below 87.87 will open the door for a solid support zone of 85.70 price zone.
Short
by Gold_Trading_Expert
CAD/JPY Sell: Wait for a break below the trendline Support During the Asian season, Putin ordered to attack Ukraine. Ukraine says that Kyiv is under attack from the cruise and ballistic missiles. So, safe-haven JPY will dominate all currencies and especially commodities currencies. CAD/JPY are at risk of dropping more and more. So, let's check out my CADJPY chart. CAD/JPY Sell 89.30 One More Sell Limit @ 90.00 Stop-loss above 91.80 Target zone 87.90 Target Zone 2: 85.70
Short
by Gold_Trading_Expert
CADJPY shaping up for a SELL!Hi Traders, CADJPY has been developing bearish price action recently as impulses & corrections have been forming over again. Looking at the Global situation between Russia and Ukraine, safe haven currencies are strengthening which should push the price to lower boundary of the HTF structure around 89.50. I believe further down side to 87.50 is possible If we get a breakout and another continuation. Follow your trading plan and risk management. Good Luck! Support me if this idea has helped you by clicking the like button. Share your view on this pair and leave a comment.
Short
by ktlfx
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