Japanese Yen Analysis for CADJPY Short!
Disclaimer: Idea is to complement your research.
With CADJPY Short for Bias, JXY (Japanese Yen) has to Pass 91.56 WITH Upside continuation for Upside targets.
Keep in mind:
A Weaker CAD and a Stronger JPY will Bear CADJPY.
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JXY trade ideas
Uptrend The yen is experiencing pressure as the dollar gains momentum and the market starts to recover from covid-19. This could be the starting point of a bigger bearish momentum however it is still in the range of a good buying level until it breaks the larger overall uptrend then a downtrend would seem prominent.
JXY Testing HighsJXY is at the 96.1 level having pulled from 95.5, there is a possible rise to 96.4 and that may possibly create lower lows for UJ.
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.