is the CADJPY set to go lower or will it break resistance?
Entry into the market is indicated in green horizontal lines and target points in navy blue.
Commento:
The pair closed above the rising trendline (yellow zone) forming resistance - the next resistance for the pair sits at 90.59
Commento:
90.59 resistance and 91.268 resistance levels breached.
A close above 91.268 would potentially open up to the next resistance level at the rising trend line.
A close above 91.268 would potentially open up to the next resistance level at the rising trend line.
Commento:
Will keep monitoring this pair, as 90.594 now acts as support. Daily close is key.
Commento:
pair failed to close upside. but headed for downward targets.
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This information is provided as an opinion only and is in no way meant to be used for trading purposes.