The counter CADJPY
is in the resistance trend line
from 25thNovember which has been tested twice at the prices 80.49 and 80.25. Today the counter has made an entry at the price 80.25 and it started moving even more downwards. It’s the right time to go for a short and the bearish trend
will continue further. The stochastic
indicator curves started moving downwards from level 80 which gives additional support to the description.