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Nwabisa_Mangesi

CADJPY; A change in direction?

Kanadensisk dollar/Japanska yen (FX:CADJPY)  
Nwabisa_Mangesi Uppdaterad   
FX:CADJPY   Kanadensisk dollar/Japanska yen
Support and Resistance Trend Lines
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supportandresistance trendline
CADJPY has been going on a downtrend for quite a while now and also respected the trend. However, it broke out of the downward trendline and we can now see a pull, price is currently in confluence with the 50 fib line, could this be the end of a bear run? I'll be watching this setup for any potential entries, I am just waiting for some momentum as price seems to be stalling in one place and is quite slow to pick up its agenda.
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