HELLO TRADERS
before we take a look at USDJPY first lets talk about the dollar index DXY
DXY has been testing a strong resistance @ 101.4 and bounced off quite strongly and as we are currently testing the resistance again we expect a strong reaction to the upside
(see DXY chart below)
Now back to CADJPY
CADJPY is currently testing a strong resistance @ 99.0 and we expect a strong push to the upside testing previous highs @ 101.8
BREAK BELOW 98.3 WILL INVALIDATE THIS IDEA
GOOD LUCK
before we take a look at USDJPY first lets talk about the dollar index DXY
DXY has been testing a strong resistance @ 101.4 and bounced off quite strongly and as we are currently testing the resistance again we expect a strong reaction to the upside
(see DXY chart below)
CADJPY is currently testing a strong resistance @ 99.0 and we expect a strong push to the upside testing previous highs @ 101.8
BREAK BELOW 98.3 WILL INVALIDATE THIS IDEA
GOOD LUCK
