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here's my point of view about CADJPY , As always this is not any financial advise.
After the massive RALLY from the previous day price now reach a daily supply zone , Price now is testing the supply at the origin of that massive drop. We can expect a POTENTIAL first Long-term target near that demand level . With that being said , I'm currently stalking CADJPY to find potential sell entries near that supply level , not positioned already because of the wild fundamentals . JXY if we have a risk off sentiment if going to get stronger and so : most of JPY pairs can go down . however CAD lately has been very strong. If price continue to push a little bit I will be looking for Intraday sell trades ,Currently also waiting a dxy bullish .if you see signs of reversal consider looking sell entries , price can also continue with the rally everything is possible. This is an idea that I am happy to share at any moment should be taken as an investment advise, Hit the like button if you agree, Commenting your idea is welcome too. Thanks for supporting!