FX:CADJPY   Canadian Dollar / Japanese Yen

This pair is currently in an Uptrend breaking the previous Daily Resistance Zone (78.490) and moving 300+PIPS to the upside. The market is heading to an area that I consider to be Monthly Resistance Zone (Brown Zone). I'll be looking to short in the brown zone.

Short term outlook is that I'll be looking for long positions towards the Monthly Resistance Zone . Entries will be on the 1HR & 4HR Charts.

Monthly Resistance Zone- (83.540-85.370)


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