JXY trade ideas
Japanese Yen Analysis for CADJPY Short!
Disclaimer: Idea is to complement your research.
With CADJPY Short for Bias, JXY (Japanese Yen) has to Pass 91.56 WITH Upside continuation for Upside targets.
Keep in mind:
A Weaker CAD and a Stronger JPY will Bear CADJPY.
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Uptrend The yen is experiencing pressure as the dollar gains momentum and the market starts to recover from covid-19. This could be the starting point of a bigger bearish momentum however it is still in the range of a good buying level until it breaks the larger overall uptrend then a downtrend would seem prominent.