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Daily Forex Chart Art - Oct. 8, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    CAD/JPY: 1-hour Looks like Happy Pip is onto something with this one! CAD/JPY might be in for a selloff, as the top of its range visible on the 1-hour forex chart is still holding as resistance… for now. If Loonie bears jump in, price can fall back to the bottom of the range at the 89.00 major psychological support or at least until the area of interest around the middle. However, technical indicators are hinting that an upside break might be in the cards, as the 100 SMA is moving farther away

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