CAD/JPY CHART ANALYSIS
CAD/JPY CHART DAILY & 4HR CHART ANALYSIS
Chart time frame: Daily & 4 hour
Support Level: 87.500 (DAILY)
DAILY REVIEW
The long term outlook for CAD/JPY is bearish. Looks like it headed down to re-test a previous daily support area.
4 HOUR REVIEW
Over night there was a major bearish move with the Japanese news release in reference to the BOJ monetary policy and interest rate decision. That news pushed this pair passed it support area and it looks like its likely to continue to push further down.
Disclaimer: This is just my theory. I am not making any recommendation to trade this idea. All traders/investors are advised to do their own research and analysis.
Come join my telegram channel for more chart reviews: https://t.me/competitiveadvantagefx
Trading view chart links
DAILY
https://www.tradingview.com/chart/CADJPY/zLdlZqwG-CAD-JPY-DAILY-POSSIBILITY/
4 HOUR
https://www.tradingview.com/chart/CADJPY/EsZ9g3Sb-CAD-JPY-REVISED-POSSIBILITY/
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