Hello Traders,
Let’s hit the charts ladies and gentlemen
1. CAD/JPY
CAD/JPY is currently resting on a key support level (80.418)
If we do get a bullish confirmation at the close of the 7 pm candlestick, then we could be looking at the bulls taking price to the next possible resistance level (80.974)
On the other hand, our present bullish bias could also turn bearish if the 7 pm candlestick breaks below the current support level. Then our next possible support level would be 79.850
What say you?
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