CapitalHillFX

Potential Trend Reversal on CADJPY

Short
OANDA:CADJPY   Canadian Dollar / Japanese Yen
On CadJpy, we've seem to run out of the bullish steam that the pair has been exhibiting over the past year now. Price has bounced into an extreme resistance level and is beginning to create some bearish structure for the time being. Considering price just wiped out the recent significant support level, I'll be waiting for price to retrace back as resistance before looking for sells.

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