CAD/JPY Weekly Analysis

7월 27일

CAD/JPY has broken out and closed below a weekly triangle after JPY strength was dominant in the market all of last week. After such a big move, a correction would be expected in the YEN pairs, presuming that the downward trend will continue. CAD/JPY could pull back to test the broken triangle before turning back around again. A weekly close back inside the triangle next week would indicate a possible false break.