CADJPY has been hovering around the same resistance area for a week now trading very side ways. Failing to break this resistance for such a long time basically proves that big money feels that CADJPY is already price high and they see the current area at the max. Why it hasn't go down yet? Well maybe the big money doubts the YEN a bit... but it also doubts the CAD against the JPY since the price is stuck for over a week. Most likely CADJPY will fall hard as the slightest bit of JPY news. first targets are 87 and 84 after that. So lots of potential in shorting CADJPY!!
TP: 87 > 84
SL: 89,70
TP: 87 > 84
SL: 89,70
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