". There is still a possibility of temporary retracement to the suggested resistance line (89.68).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. CADJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The is at 29.
TP1= @ 89.44
TP2= @ 89.24
TP3= @ 89.04
TP4= @ 88.89
TP5= @ 88.70
SL: Break Above R2
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