CadJpy- Where to sell?

2022年10月12日

The long-term trend for CadJpy is up for quite some time and although I don't expect this to change soon, at this moment a deeper correction could follow.
The recent break above 108 is a false one and this can lead to a break down of the trend line support.
108 remains strong resistance and in this zone, traders should look for selling opportunities.
As a target, the horizontal 102 level can serve as a target and a break above 110 negates this scenario.