Technical outlook and ideas for Forex pairs
We have outlooked several promising Forex pairs and the result can surprise you!
CAD/JPY: the stronger yen
Information is not investment advice
The Japanese yen keeps strengthening versus other currencies as the market remains in the risk-averse mode. CAD/JPY is in the long-term downtrend and is now making another leg down. Yesterday the pair failed to close above the 50% Fibo level in the 81.00 area. Today the exchange rate slipped below 61.8% Fibo, and the next target is the 78.6% Fibo level at 80.40.
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