Good day great traders,
The market has still not gathered enough momentum to give some killer setups, but let’s see what we can do.
1. CAD/JPY
CAD/JPY on the daily chart looks promising after last week’s pennant breakout.
For close to two weeks, price has been rejected within the pennant, by resistance level 82.274. Finally a breakout occurred towards the close of Friday’s market.
The better part of the today was used as a pull back after last week’s breakout. Today’s Asian session may open doors for the bulls to take price to the next possible resistance level (83.686).
That’s all we have for today, do have great trading week ahead.
