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CAD/JPY – Bear Speculation: Expected Drop to 76.61 – 74.78 Support Zone

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Trading opportunities for currency pair: the CAD/JPY is stuck in a bear trend due to the Chinese stock market crash and a fall in oil prices. If you’re looking to sell the Canadian, then 81.15/30 is your marker. After a rise of the rate to 82.43 we should stave off selling. Whilst the oil and Chinese markets are down in the dumps, expect the CAD to weaken to the 76.61-74.78 support zone. If the price returns to 82.44 over the next couple of days (before Wednesday), this falling scenario will

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