CAD - BULLISH
1️⃣ Coronavirus vaccination rollout is raising prospects of a swift economic recovery in the new year, although the pandemic is still far from controlled.
2️⃣ The Canadian economy advanced 0.4% in October, the 6th straight month of growth and the Manufacturing PMI for December was the strongest on record.
3️⃣ Rallied in oil prices boosted the CAD.
JPY - BEARISH
1️⃣ Japanese Prime Minister Yoshihide Suga is set to declare a state of emergency in the Tokyo area on Thursday evening as Japan's daily coronavirus infections hit a record 6,004 cases Wednesday.
2️⃣ The positive risk tone could pressure the safe-haven JPY.
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Technical
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We are looking to buy the CADJPY on the support of 81.200 + above SMA 50 on the H1 chart.
1️⃣ Coronavirus vaccination rollout is raising prospects of a swift economic recovery in the new year, although the pandemic is still far from controlled.
2️⃣ The Canadian economy advanced 0.4% in October, the 6th straight month of growth and the Manufacturing PMI for December was the strongest on record.
3️⃣ Rallied in oil prices boosted the CAD.
JPY - BEARISH
1️⃣ Japanese Prime Minister Yoshihide Suga is set to declare a state of emergency in the Tokyo area on Thursday evening as Japan's daily coronavirus infections hit a record 6,004 cases Wednesday.
2️⃣ The positive risk tone could pressure the safe-haven JPY.
=====
Technical
=====
We are looking to buy the CADJPY on the support of 81.200 + above SMA 50 on the H1 chart.
Order cancelled
DELETE PENDING ORDERPrice has reached TP first
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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.