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CAD/JPY: Looking Long

Published 06/21/2013, 02:58 AM
Updated 07/09/2023, 06:32 AM

The JPYs Bulls lost some steam as corrective moves dominated the late U.S. session. The JPYs bounced off support levels, and outlook remained Bullish.

The CAD/JPY was in a triangle pattern, indicating Trend contiuation for Long and facing a strong resistance at 94.250 - 97.750 zone. A break out of that zone on upper side, confirmed Bullish momentum and a possible move to 97.250 zone.

Best
Sardar Uddin
TradeCuts
www.tradecuts.com cadjpy june 21st

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