UnknownUnicorn15614419

CADJPY: adheres to the established channel

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
Despite a small breakdown in mid-February, the price continues to move in the small upward channel that was formed in January 2021. Yesterday it just turned around at support 83.26, but stopped short of resistance. Now we can expect the price to rise to resistance and fall to support at 83.53.
SL - 84.28.

Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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.