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| CADJPY |
Type: Currency | Group: Minor | Base: Canadian Dollar | Second: Japanese Yen
CADJPY Trend Index: Bullish
Our Bias: Bearish
A falling wedge which is a bullish pattern is spotted within the dropping security which invariably means there is a high likelihood of price reversing to a price range of 91.500 - 92.000 before continuing to the next major support. A Breakout of the channel increases the probability.
Writer: Naheem Atanda
Editor (s): Naheem Atanda & Awe Olufunso
Publisher: Awe Olufunso
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