CADJPY broken Head and Shoulder structure from a channel
CADJPY looks to of broken out a H and S structure on the 1H channel it was in. With Oil falling as well we could see further downside on the pair, back down for a correction to a Bullish trend, before seeing more upside.
CAD is fundamentally stronger the JPY due to the current central bank rate hike cycle with 3 hikes from the BOC in the last 6 months.
Most of the JPY strength has come on the back of Dollar weakness and some of Kurodas comments on Friday afternoon were well received by the market.
CAD is fundamentally stronger the JPY due to the current central bank rate hike cycle with 3 hikes from the BOC in the last 6 months.
Most of the JPY strength has come on the back of Dollar weakness and some of Kurodas comments on Friday afternoon were well received by the market.
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