CADJPY Failed to Continue lower, watch for bullish up move

Hi everyone:

Few weeks ago I was more looking at the JPY pairs to continue its strength and bearish move.

Instead last week we slowly see some reversal development across the market.

To be what I see now on CADJPY is price did not continue after having a strong bearish impulse on the lower time frame.

The correction that I thought would be bearish continuation, turned out to be a bullish reversal, and we did see price impulse up.

Now, the latest development shows a smaller, LTF continuation correction, all good signs of the bearish momentum may be exhausted now.

So be on the look out for bullish price action to get in the buy to the previous highs.

thank you

Kommentera:

Price still hasnt impulse up follow by continuation correction
monitor the price for now.