CADJPY is testing the downside reversal resistance
CADJPY is testing the downside reversal breakout resistance 88.40. A break below this level would lead to a pullback reversal to test 86. A bounce here is required for the upside continuation higher. CADJPY has lost the upside momentum and a break below the indicated level will lead to a substantial reversal lower although the medium-term uptrend will be in question only with a break below 81.90
Note: you can take the short trade upon a break below 88.40
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