thegrowmoneymovement

CADJPY - RETEST POSSIBLE BEAR CYPHER..

FX:CADJPY   加元 / 日圓
54 1 4
A very tough reach here...Well see if this will continue to push for that retest.
Thanks for your analysis!
Here is my view on CAD/JPY if you are interested:

Based on Market Profile (volumes) and Price Action there is very strong swing support at 84.261. The market is in a strong uptrend and this is the closest strong support in the way up. If the market makes a trend correction I will go long from there.
In this support zone there are cummulated heavy volumes of big players who drove the price higher - you can see that in the Cummulative volume profile shown on the right sideof the chart.
There are more Market profile swing and intraday analysis at my profile page. You are very welcome there.
Dale
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