CADJPY Sell

3 thg 6, 2020

We have hit major resistance zone, nice 4h engulfing candle printed there. We are very bullish, but slowdown retracement should happen here. No reason for CAD to be pushing bullish so hard. Fundamentaly still lots up in the air for CAD. Rate announcement today, im thinking we priced in early in the week the likely-hood of BOC saying the WONT go negative interest rates. This is bullish for CAD. There is a new head of the BOC, uncertainty should bring bears in.