Riding this pair's recent bearish trend
as well in relation to both oil
and CAD dropping recently, but must watch out for any signs of JPY weakness. Weekly chart shows that this pair is ranging, so there's risk of getting whipsawed. Setting up sell stop order few pips below 86 with TP between 84.5 and 85 and SL @86.6.
Confidence: C (should monitor closely especially CAD employment news tomorrow-- might close early then resume again, depends on how price turns out after the news)