CADJPY : Current Situation & Technical , Fundamental View#CADJPY
Due to MARKET RISK OFF, CADJPY is going down a bit. We expect CADJPY to go UP again.
Either way, that price can retrace to the CADJPY MAIN TRENDLINE. After that you can go DOWNSIDE the MARKET. The reason for that may be due to the fall in OIL PRICES. You can definitely buy at the CADJPY 104.90 level. For that, MARKET RISK should be ON SHORT TERM.
But we can sell CADJPY up to 100.00 LEVEL according to the STRUCTURE. The reason for that is the idea that the MARKET SENTIMENT in the OVERALL MARKET will be RISK OFF in the coming days. We must pay attention to MARKET SENTIMENT.
