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CADJPY. Opening Short at weekly open

Short
OANDA:CADJPY   Canadian Dollar / Japanese Yen
anywere close to 109 level for entry should work. Looks like a retest of last week's open is potential maybe more. there are some inefficiencies lower than the initial profit target. but potentially a good spot to remove some risk and see what happens. cadjpy is bullish no doubt. but it is in overbought territory. it is getting to an area that it may produce a more significant pullback with cad cpi expectation softer on tues. usdjpy is getting close to intervention levels by japan at usdjpy 145. but that may still be a ways off. trade safe. trade smart. manage risk. good luck.
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