CADJPY

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Hello traders,

As it comes to CADJPY, I see that after the positive CAD news on Friday, this pair has been sold hard.
I see a break of Trend line and support zone and I can see a Friday closure at retest price action. Perhaps the pair might go up for a bit, but this will indicate nice short opportunities to the previous support zones.

Note: The Bank of Japan perfoms an intervention to mitigate the YEN's depreciation. So, Yen may buy from now on invalidating last year's falling performance.

Good luck!
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-110pips
BOCbojCADJPYfundamental-analysisinterventionTrend Analysisyen

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