CADJPY SELL

CADJPY

Over the course of this week, CADJPY has demonstrated a consistent uptrend. However, there is a possibility of a pullback, which might lead to a retest of the 23.6 level before the upward trend continues. To take advantage of this market movement, we will closely monitor the trendline and wait for a bounce to retest our sell entry.

Alternative Scenario:
Depending on the strength of the support level at the 38.2, this pair may have the momentum it needs to break above the highs.