Trade_Rocket_Investments

CAD/JPY crash or exhaustion?

FX:CADJPY   加元 / 日圓
The CAD/JPY saw an amazing run for the previous 2 weeks or so but now the JPY has gained significant strength as we can see with the strong move to the downside on the chart. is this the end of the bull run for the CAD/JPY? well we don't think so, we think that the JPY will see weakness once again and we will see a move to the upside once again. The only way we will be interested in placing a trade though is when fundamentals are better, we see weakness in the JPY and we see price move to the upside, breaking our weekly zone with price action, wait for exhaustion and then entry confirmation. until then we are going to stay patient and let the market tell us when its ready. if not we will adjust.
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