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CADJPY possible breakout from descending triangle?

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As the pair first bounced off the 78.330 support zone I has been making multiple rejections off the support zone but with little momentum to the upside. We have seen the pair make lower highs the previous week forming a descending triangle pattern, signaling that we might see a break of the support zone as well the the triangle pattern as a whole.

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the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. 

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