As we can see on CAD/JPY Chart there's probably a channel on play so there a probability on breaking those channel but the overall trend is up and the price already bounce from 38,2% so watch out and happy trading
But there's a catch on fundamental
DailyFx News Both CAD and JPY have a bearish news Canadian Dollar: Poor Jobs Data + Weak Oil = Further Slippage BoJ Optimistic but Inflation Still Subdued: Taper Not Yet a Topic of Concern
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