CADJPY: Overbought Market & Pullback 🇨🇦🇯🇵

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加元 / 日圓 (OANDA:CADJPY)

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OANDA:CADJPY 加元 / 日圓

Chart Patterns Wedge Wave Analysis CAD jpy japaneseyen

chartpattern wedgepattern waveanalysis cad jpy japaneseyen

snapshot

CADJPY is currently trading on a strong weekly pivot.

On hourly, the price broke below a rising wedge pattern
and formed a double top pattern.

It looks like the pair is overbought.

I expect a bearish move to 88.5

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