Friday market analysis: CAD/JPY

Hello traders,

If at all I take any trade this Friday, it would be the:

 

1. CAD/JPY

Canadian dollar vs the Japanese Yen

On the CAD/JPY, there was a partial breakout of the key support zone and the 200 moving average.

If the the close of the 7 pm candlestick is below the 200 ma and support zone, then we may see price hit NPSZ before the close of  the market. However if price gets trapped within the support zone, then it’s a dicey setup, and moving on will be better of than trading it

 

What say you?

 

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