CAD/JPY (Daily Chart) - Top of Price Channel

This pair has had a sharp price run-up before running to strong resistance near the top of the price channel.

After that, we saw some indecision (several price bars moving sideways) before prices came crashing down and closed the price gap.

Odds are now good that prices will continue to fall back to the bottom of the price channel.

I will be looking to short on pullbacks.