The CAD/JPY has recently found support on 84.17, I think it may now find resistance at 84.17
The CAD/JPY has recently found support at the 84.17 level. I think this level will now serve as resistance. I am going to sell this pair now and put my stop loss up at 84.75. Where do you think this pair might next find support? I think that the yellow boxes might give us a hint. I think it is quite likely that the pair may find support at the 83.50 level. This is where we have recently seen some bar highs and bar lows, so this will be the first “hurdle” for this trade. I will update this trade over the next few days.
Happy Trading!
