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ElysiumFX
9. Dez. 2013 21:08

CADJPY - Key resistance area within striking distance 

Canadian Dollar/Japanese YenFXCM

Beschreibung

Sometimes the simplest setups are the best setups. CADJPY has been stuck within a range since early June, with price bouncing between 92 and 97.50, but that could change very soon. Currently, price is hovering a few pips above 97, and you can be assured that many sell stops are clustered above the range highs. Considering the weakness we're seeing in all JPY crosses, a break higher would seem more likely than a reversal back into the range, but nothing is ever certain in FX.
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