on the jpy/cad weekly, I see price in a downtrend while retesting resistance zone several times which shows price isn't willing to break out and go strong.
Drew up ascending trendline to show the last impulse up before market decides to drop in rate. News also came out which has shown unemployment rate has dropped from 2.5 to 2.3 which indicates that interest rates will most likely lower which is great for sellers in this instance.
Drew up ascending trendline to show the last impulse up before market decides to drop in rate. News also came out which has shown unemployment rate has dropped from 2.5 to 2.3 which indicates that interest rates will most likely lower which is great for sellers in this instance.