Further Bearish movement on CADJPY

29 באוג׳ 2017

With the JPY being the ultimate safe haven - with the threat of north Korea not going away we could see further strengthening of the pair, We have seen a Bounce off the Fib level and closed below the 50 - which has recently seen an upturn in usage on the Fib retracement, this is only an Intraday trade and are looking to scalp back down to 86.70 level. Due to the uncertainty and the fact the markets are sensitive to this news I would prefer not to hold long term, plus having banked 100 pips already today