CAD/JPY is in uptrend on weekly and on monthly chart. Trend lines suggests that. It has reversed trend after touching its previous support at around 86.00 level. Japanese economy is still needed more support and vice versa if Canadian economy shows improvement in inflation then Central Bank may rise rate again so CAD/JPY may rise higher.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is rising after correction.
2. CCI is…
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