CADJPY has recently re-tested the 50% fib of the recent weekly impulse and found support. The Canadian dollar could gain strength after the recent Bank of Canada's decision to hold rates. The price is currently forming a bullish breakout pattern and if the price re-tests the support we could look for long opportunities.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.