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CAD/JPY BEARS ARE STRONG HERE|SHORT

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
EliteTradingSignals  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis CADJPY short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis cadjpy short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

CAD/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 108.711 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.

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