With Yen gaining strength I expect CADJPY to fall!

We have seen Yen gaining strength the past few days and noticed the change of trends in most of the Yen pairs. CADJPY printed a high time-frame bearish reversal pattern which confirms that the pair is really changing direction to the downside. The previous day, the pair bounced up from its June 2022 low at 101.67 which I believe it is to retest the 103.41 key level. I will keep an eye at this key level for signs of bearish pressure which will confirm the present of bears around that level. I will look for short positions with two targets in mind, 101.70 and 98.59.

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