Trade of the Day CADJPY

CADJPY is being rejected by the upside resistance

 

CADJPY is being rejected by the upside resistance of 87.60. This resistance is the key to the upside continuation. A break above is required for the extension to 91 and higher. This rejection could lead to another swing lower to 84.50. A break below 84.50 is required for a complete downside reversal lower.

Note: look for the short trade entries with the stop loss above 87.60

 

 

 

 

 

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