CAD/JPY testing major resistance

2 במאי 2018

CADJPY I see a breakout, price to go up POC level (88.4).
CADJPY traded at 85.00 level with high volumes but price unlikely to pullback from high volume nodes (HVNs) @85.00.

Bank of Canada will be warranted rate hike over time and its' next scheduled announcement is set for May 30.

USDJPY The YEN under pressure as Dollar strengthen and FED rate hike more likely in June.

If price pass through its major resistance where low volume nodes (LVNs), it may be reached to POC level @88.40.

Rate of Change (ROC) in 14 days start to upward momentum from zero level.

CADJPY
Buy Stop @ 86.00
Target @ 88.00
Cut @ 85.00

Take care of your trading
United FX Trading Class