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CADJPY - Bullish Bias

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CAD - BULLISH
1️⃣ Upbeat labour market data, which supported expectations that the Bank of Canada would reduce quantitative easing purchases next month.
2️⃣ The unemployment rate fell to 8.2%, the lowest rate in 11 months and the economy created 259K jobs, considerably higher than market expectations of 75K jobs.

JPY - BEARISH
1️⃣ Rising US Treasury yields pressured the JPY.

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Technical
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We are looking to buy the CADJPY at support + above SMA 50 on the H1 chart.

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Risk to this trade
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Any change in sentiment could turn the pair's direction.
交易進行
PENDING ORDER TRIGGERED
交易結束:達到停損點
❌ TRADE HAS HIT STOP LOSS

-30 PIPS

CAD slipped following the news that oil inventories in the United States registered a weekly growth of 2.4 million barrels.

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