[CADJPY] AT THE KEY LEVEL

From a technical point of view, the pair has perfectly reached our key level around 88.80, and from here everything can happen during the next week. The pair has seen a good rally from 81 to 88, but only market will decides the next move.
That said, last week we shared some bearish setup on TradingView (see charts below), and most likely the pair will give us some other trading opportunities in the short term. From our point of view, the closures of the next 1-2 sessions will be very important, because they could give us some interesting signals. From the technical point of view, the pair is working corrective structure (ABC).

BEARISH SETUP


OUR LAST ANALYSIS
(click and play on chart below)

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