CADJPY: Possible Short Opportunity in the Works | Forex Forecast for January 22, 2020
Can the CADJPY reach the top of a channel that has been in place for two years?
Or will the pair reverse before ever reaching that channel top?
Watch today’s video to get my thoughts.
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CADJPY: Possible Short Opportunity in the Works
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CADJPY buyers are closing in on a significant resistance level.
The descending channel that extends from the 2018 high has directed the price action here ever since.
That channel resistance is now less than 100 pips from today’s price.
So, will CADJPY reach that area and possibly reverse from it?
The truth is, nobody knows what will happen.
Continue reading on the blog…
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