CAD JPY D1 Opportunity to SHORT in the upcoming week

30 lug 2016

CAD/JPY is currently in a downtrend. We can see the rejection of the area around 82.000 and the Bearish Engulfing Bar that followed that wind up, ended up pushing price all the way down to 78.198. Ending the week with a large Bearish EB on the daily Time Frame. If the bears can push and close below this move, we may see some momentum all the way down to the area around 75.000