1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

CAD/JPY potentially poised for a prodigious period

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    Markets are calming down as US traders filter out for the Thanksgiving holiday, but there is one little-followed pair that could be shaping up for a big move as we head into next week. CAD/JPY has been consolidating in an increasingly tight range for the last three months, bounded on the top by the 93.25 barrier and on the bottom by rising trend line support (currently around 91.75). This price action has created a clear ascending triangle pattern, which in theory shows growing buying pressure

    Continue reading...
     

Share This Page