Chart of The Day $CADJPY 1-25-2017

On the CADJPY daily chart, we can see that the pair has broken below, what it seems to be a triangle top formation, 86.500 level and is now retesting it. In the case of renewed CAD weakness across the markets, the pair could continue its downside targeting 83. The daily break above 87.200 would indicate uptrend continuation.

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cadjpy trend following strategy


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