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CAD/JPY Shows Respect of Rising Trendline; USD/JPY and Oil

posted by Avatar FXTimes 111 days ago in JPY, CAD, Technical made popular 111 days ago

The Japanese Yen has found some ceiling this week after strengthening sharply at the latter part of January. The CAD/JPY fell from near 77.60 to about 74.75. Although the bullish momentum seen in the 4H chart is killed (RSI went below 40 and even kissed 30), the market still holds a bullish bias. It is respecting the rising trendline drawn from...
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