Greetings Forexia Family, another good day to trade. Lets break down the CADJPY analysis. From the macro chart above you can see that the pair has overall downtrend and trapped buyers on the breakout of the trendline. I believe the pair has overall trend to go down. I believe the pair will form the weekly structure “PUMP AND DUMP”. I believe there is more to go down around 200 pips. I am expecting the scenario below.
Please use proper money management and lot sizes!