Reason for Selling CAD/JPY : After US Election & Japan GDP rate cut from 0.5 to 0.3% makes the JPY more weaker.
On Daily chart, The market moving up straight forward from the support zone, it shows that “buyers pressure is more when comparing to sellers”.
Now, CAD/JPY reaches the top level.
As per our Technical Analysis, we could expect some downward move from this top level. Finally, the market went down and reaches our target successfully.
If you like to receive the best forex signals at good trade setup, you can Try free forex signals. (or) if you need additional important trade signals with high accuracy, Join now in Supreme or Premium forex signals plan.
If you want to learn trading from 20+ years expert traders, Join forex trading course online now.
Thank you.
some genuinely interesting points you have written.