TGIF Traders,
I know most of us are itching to go for the weekend, but before we do, let’s see if this trade appeals to our trading desires.
1. CAD/JPY
Price on the CAD/JPY was locked within a consolidation band for close to two weeks.
On the daily charts, we can see that price may be closing below the consolidation band. If it does, we may most likely see price hit the next possible support level (82.016) before the close of the market.
On the other hand, if the candlestick closes within the consolidation band, there is every likelihood that we may see price form another consolidation within the band till next week when the market resumes.
Alright, ladies and gentlemen, we have reached the end of our analysis for the week and I want to thank you all for sticking around as we slashed through the market.
Next week Sunday will be another day to review the market.
Do have a fab weekend
