3 Reasons Why We're Selling CAD/JPY [Video]

We discuss the technical analysis which underpins our bearish daily projection for CADJPY as we pass the middle of March. Last Friday’s bearish pin-bar reversal on the daily time rejected a major Fibonacci level and closed significantly both as an outside bar and a lower high. Moreover, time-frame correlation on the hourly chart based on the break of trend line support and the retest as trend line resistance supports our bearish view.

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