Just a qucik update on the CADJPY trade from this week as I wrote in the last post after price had took out the 2008 HIGH and then close back under this level then we would get a correction down towards the 107.5 area which was the previous high in current trend.
This scenario played out last week with us selling early on Monday morning and dropping down to the 107.5 the move seems to be building a little bit of momentum so a drop further down towards 105 may be on the cards lets see what happens early next week as we do have the BOJ meeting next week so could be a catalyst for a bigger move up or down
This scenario played out last week with us selling early on Monday morning and dropping down to the 107.5 the move seems to be building a little bit of momentum so a drop further down towards 105 may be on the cards lets see what happens early next week as we do have the BOJ meeting next week so could be a catalyst for a bigger move up or down
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