Get started
Motion1

CADJPY Potential Long

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
Motion1  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators 24hrta 24hrtradingacademy CADJPY Forex LONG cadjpylong
5
0
trendanalysis chartpattern indicator 24hrta 24hrtradingacademy cadjpy forex long cadjpylong
After a 250 pips move to the downside over the past couple days, a correctional move to the upside is to be expected.
Currently showing rejection off the 82.000 psychological level.
USDCAD: Sell
USDJPY: Buy

However there is some resistance at 82.300, at the 0.382% daily fibonacci retracement level.
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.