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CAD/JPY: Short-Term Bullish Break-Out on Move Above 83.60

posted by Avatar fx360 1455 days ago in JPY, CAD, Technical

An ascending triangle has formed on the 30min CAD/JPY hinting towards a bullish break-out on a move above 83.60. The ascending triangle is considered to be a bullish price consolidation pattern oftentimes resulting in a relatively aggressive break-out to the upside once prices cross the top of the triangle. The pattern forms by two converging
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