Observing the CAD/JPY pair, we can see that the price has broken the trendline, which, in my opinion, indicates that the price is moving in a downtrend. Alternatively, this could be a retracement before resuming an uptrend. What are your thoughts on this? Personally, I anticipate the price to reach 106.556.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.