CadJpy forming a bear flag in line with the overall bearish trend formed in late 2014. Expecting some chop here over the next 2 to 3 months before we see the trend resume. Markets around the world remain shaky and so my preference remains to hold on to yen long positions. IMO oil will remain weak for the foreseeable future as well which should aid the short side of this trade.

Looking for roughly the same levels we are currently at. Let's see.

Daily candlestick:


Weekly longer term view:


-AgentSmith
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