Safe haven JPY buying drives CADJPY lower

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    CADJPY, Daily CADJPY has been falling over the last three days as there haven’t been bidders for the crude oil while problems with the Chinese stock market (limit down again today) have caused the traditional safe havens, such as Japanese Yen and Gold market to rally. This sudden increase of volatility in the CADJPY pair opens up opportunities for both intraday and swing traders. Yesterday price fell below March 2012 pivotal support at 85 area and allowed the price to move to current levels of

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