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CAD/JPY SHORT FROM RESISTANCE

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Dolar Kanada / Yen Jepun (FX:CADJPY)  
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FX:CADJPY   Dolar Kanada / Yen Jepun
Trend Analysis Chart Patterns Wave Analysis CADJPY short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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Hello,Friends!

CAD/JPY pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 111.053 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.

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Penafian

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