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The BB lower band is nearby so CAD-JPY is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 117.504.

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Note
I stand by my prediction and my idea is confirmed by the fact that the pair is moving towards the target!
Bullish PatternsbuyCADJPYChart PatternsforecastForexLONGtecnhicalanalysistradingTrend AnalysisWave Analysis

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