Trade Alert
This is a very tricky pair, but nevertheless, it is interesting to monitor it.
CADJPY is currently is getting into somewhat of a squeeze mode on a bigger picture. Watch out for the 85.20 area, a break of which could open the path towards a test of the downwards moving trendline from underneath.
On the downside, keep an eye on the 84.30, a break of which, could send the pair towards the short-term upwards moving trendline.
Don't forget your stops.
This is a very tricky pair, but nevertheless, it is interesting to monitor it.
CADJPY is currently is getting into somewhat of a squeeze mode on a bigger picture. Watch out for the 85.20 area, a break of which could open the path towards a test of the downwards moving trendline from underneath.
On the downside, keep an eye on the 84.30, a break of which, could send the pair towards the short-term upwards moving trendline.
Don't forget your stops.