Note: This section contains information in English only.CAD/JPY set out various bearish signals on the hourly chart, starting from a double top and ending with a channel down, which might now come into play on the hourly scale as well. The pair has established a junior channel down pattern as part of its attempt to reach the bottom boundary of the senior one at 84.77. After a successful bounce form the area, the pair has broken the upper trend-line of the junior pattern at 85.30 and appears to be creating a retracement to push it further to the north. The next upside target lies at 85.46 and will open the way to 85.59/63 if tests are successful.
Fri, 03 Mar 2017 07:29:13 GMT
Source: Dukascopy Bank SA