Mihai_Iacob

CadJpy- A new retest of 78?

Short
OANDA:CADJPY   Canadian Dollar / Japanese Yen
After a drop to 78 support, CadJpy recovered some losses but couldn't break above the important 80 resistance.
With OIL on a descending channel and strongly offered around 39, I expect CadJpy to follow and 78 could be the first target for bears
I'm looking to sell rallies for this pair and a daily close above 80 would invalidate this scenario

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