CADJPY - Bullish Bias
CAD - BULLISH
1️⃣ Upbeat labour market data, which supported expectations that the Bank of Canada would reduce quantitative easing purchases next month.
2️⃣ The unemployment rate fell to 8.2%, the lowest rate in 11 months and the economy created 259K jobs, considerably higher than market expectations of 75K jobs.
JPY - BEARISH
1️⃣ Rising US Treasury yields pressured the JPY.
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Technical
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We are looking to buy the CADJPY at support + above SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ Upbeat labour market data, which supported expectations that the Bank of Canada would reduce quantitative easing purchases next month.
2️⃣ The unemployment rate fell to 8.2%, the lowest rate in 11 months and the economy created 259K jobs, considerably higher than market expectations of 75K jobs.
JPY - BEARISH
1️⃣ Rising US Treasury yields pressured the JPY.
=====
Technical
=====
We are looking to buy the CADJPY at support + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
PENDING ORDER TRIGGEREDTrade closed: stop reached
❌ TRADE HAS HIT STOP LOSS-30 PIPS
CAD slipped following the news that oil inventories in the United States registered a weekly growth of 2.4 million barrels.
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Disclaimer
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.