Fri, 27 Jan 2017 09:09:24 GMT
CAD/JPY 1H Chart: Rising Wedge
CAD/JPY remained close to half-year highs of 88.66 and is now attempting to launch a new attack at the area. The pair has, however, sketched a rising wedge on the way, meaning that a soar above the aforementioned region is farfetched. With the wedge being a bearish pattern, we will look for additional tests of the bottom boundary at 87.75.