CADJPY has been moving in a down channel and we have since seen it crash to the downside as of Friday when the JPY gained strength against some pairs. Oil prices did fall which also signified a bit of CAD weakness and the analysis I had in my hands went through smoothly. However, we have two options for a trade, we could see mitigation of the imbalance we saw as of Friday, or we could see a straight move to the downside.
Trade wisely.
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