We observed a bearish breakout on CADJPY, with the price breaking through both an upward trend line and a horizontal demand area.
After retesting the broken trend line, there was a strong rejection, indicating potential for further downward movement.
The next support level to watch for is at 108.83.
After retesting the broken trend line, there was a strong rejection, indicating potential for further downward movement.
The next support level to watch for is at 108.83.
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Join our Telegram channel for daily market update 👇👇
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.