Michael_Harding

CADJPY - 2 Bearish Trade Setups

Short
FX:CADJPY   Dollaro canadese / Yen giapponese
Overall I have a bearish bias towards the Loonie after last week's Canadian Jobs Data. Canada on a seasonal basis always under performs in the winter season. The weaker than forecast jobs report shouldn't have been too much of a surprise. Needless to say, I'm still bearish after seeing those figures.

Jobs Data Recap:
* Unemployment Rate: 9.4%
* Employment Change: -212.8k

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Trade Safe - Trade Well

Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.

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