CADJPY: Is That a Bearish Reversal?! 🇨🇦🇯🇵

Short

Canadian Dollar / Japanese Yen (OANDA:CADJPY)

OANDA:CADJPY Canadian Dollar / Japanese Yen

Wedge Trend Lines Support and Resistance CADJPY priceaction priceactionanalysis priceactiontrading priceactiontrader Forex

wedgepattern trendline supportandresistance cadjpy priceaction priceactionanalysis priceactiontrading priceactiontrader forex

snapshot

CADJPY reached a key horizontal resistance.
The price nicely reacted to that, forming a double top formation on a 4h time frame
and breaking a support line of an expanding wedge pattern.

I anticipate a retracement at least to 106.45

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