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CAD/JPY – Trading at Channel Resistance with a Shift in M

posted by Avatar FXTimes 400 days ago in JPY, CAD, Technical made popular 400 days ago

The CAD/JPY is seen in the 4H chart trading in a declining channel since a previous rally stopped at 84.89 on 3/20. The market formed a double bottom with a low at 80.13, followed through with a rally until hitting the channel resistance. Can the market break through the channel? There are some clues it has started the process to do so...
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