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CADJPY: Clear Strength of the Sellers
Canadian Dollar / Japanese Yen
Short
CADJPY: Clear Strength of the Sellers
By linofx1
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Nov 3
2
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1
Nov 3
We observed a bearish breakout on CADJPY, with the price breaking through both an upward trend line and a horizontal demand area.
After retesting the broken trend line, there was a strong rejection, indicating potential for further downward movement.
The next support level to watch for is at 108.83.
Candlestick Analysis
Support and Resistance
Trend Lines
linofx1
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