Wednesday, May 01, 2024

CAD/JPY Reaches the top level, Good to Sell ?
1 mins well spent

CAD/JPY Analysis :

After US Election & Japan GDP rate cut from 0.5 to 0.3% makes the JPY more weaker.

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 can expect some retracement from this top level.

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