For now it looks like CAD JPY might break its smaller resistance.
Be aware, that there is another major resistance coming which is also in confluence with the 61.8 Fibonacci.
In case market hits the retracement, it might look like a W-pattern which has broken the neckline.
Be aware it might be a Fake breakout in order to trap Bulls.
We will see how this will play out during the next week.
Be aware, that there is another major resistance coming which is also in confluence with the 61.8 Fibonacci.
In case market hits the retracement, it might look like a W-pattern which has broken the neckline.
Be aware it might be a Fake breakout in order to trap Bulls.
We will see how this will play out during the next week.