Update on CADJPY
We can see that a minor retracement had been taken place. The good thing is it seem that the minor retracement come to exhausted. We can see that a divergence had been spotted. However in order to validate the divergence, we need the price to break the trendline and the resistance line in order to keep moving uptrend. At the line of Support D1, it is the last line to validate the Uptrend. If price can be breakout this line, i will avoid the pair eventually due to i cant read the movement anymore and most likely the pair will be in the long sideway
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.