This past week has been quite interesting with regards to how the yen ended off the week. Most XXXJPY pairs really soared during the last quarter of the week. Here we have CJ which has been trapped in an extra extended corrective structure following a bearish impulse in June. I will be looking for short opportunities comes Monday morning. The corrective structure appears to be complete I will be expecting an impulse move soon. Do let me know what your thoughts are on this pair or if you'd love to share your analysis perspective do not hesitate to do so below. I published a CXY trade bias possibility at the beginning of the week for guidance on how the CAD may perform going forward.
Targets: -75.600 -75.000 -74.000
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