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$CADJPY short- Trading the Opec Campaign into 22nd June

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Dolar Kanada / Yen Jepun (FX:CADJPY)  
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FX:CADJPY   Dolar Kanada / Yen Jepun
Trend Analysis Chart Patterns Beyond Technical Analysis CAD CADJPY USDCAD speculators COT
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trendanalysis chartpattern beyondta cad cadjpy usdcad speculators cot
Last week options volume pointed at increased downside protection. Which translated into a yen rally or cadjpy drop.
This theme is still in play on top of that. opec is relaxing supply cuts and thus driving oil lower over the coming month, which will drag CAD$ with it.

I line with that we had a weekly bearish engulfing bar pointing at 82-80 area.

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