A bearish breakout has occurred in CADJPY, with the price breaking below both an upward trendline and a horizontal demand zone.
Following a retest of the broken trendline, a strong rejection suggests potential for further downside movement.
The next key support level to monitor is 108.83.
Following a retest of the broken trendline, a strong rejection suggests potential for further downside movement.
The next key support level to monitor is 108.83.
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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.