DingsX

CADJPY Short opportunity

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
I have to admit the CAD/JPY has been playing with my feeling since last week with the false breakouts, consolidation but finally we have broken out of the rising wedge which was a bearish pattern, as seen my overall target for the month is 98.5, 99.9, 100.5.

canada's CPI data is coming out next week and i believe its gonna be worst than the US own we had today. Remember the FED needs a recession to meet their agenda.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.