CAD/JPY at trendline resistance - daily TF
The Canadian dollar vs. Japanese yen pair has been trading at a falling trendline resistance for the 7th consecutive day, showing that the pair is having difficulties to break above.
The price is also trading near the 61.8% Fib level in an overall downtrend, signaling that the underlying downtrend may soon pick up.
The price is also trading near the 61.8% Fib level in an overall downtrend, signaling that the underlying downtrend may soon pick up.
