Chart of the Day CADJPY

CADJPY an upside resistance rejection

CADJPY has tested strong upside resistance confluence 83.650 level and is being rejected. This is opening now a swing down to 82.500. Only a daily close above this confluence level will lead to a strong upside breakout and a break of the long-term downtrend line.

ARMAT trading system is neutral

Note: look for the long trade entries first with the stop loss above 83.500

Telegram channel https://t.me/Trendtadingdna

Sponsored by our recommended brokers. Trade Gold with KeyTo Markets

Try our Managed accounts