UnknownUnicorn15614419

CADJPY: continued formation of a bullish trend

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
The price has been steadily increasing since February this year. This small trend formed between the support and resistance lines (February) AND the price did not break any of them. Now the price is in the process of completing the correction from the resistance at 86.20. At this point, the trend line and the resistance level intersect. It can be expected that the price will touch the level again and then fall to the lower border of the 85.24 trend.
SL - 86.83.

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