CADJPY Remains Bullish
The CADJPY is currently in a stable upward trend. Achieving a new all-time high (ATH) is only a matter of time. We maintain a bullish outlook for this currency pair.
Nevertheless, we recommend exercising patience and awaiting a pullback to the 109.91 range to optimize the risk-to-reward ratio (RRR).
Initiating a long position within that range and holding it until a new ATH is reached would yield a favorable RRR of approximately 2:1.
Nevertheless, we recommend exercising patience and awaiting a pullback to the 109.91 range to optimize the risk-to-reward ratio (RRR).
Initiating a long position within that range and holding it until a new ATH is reached would yield a favorable RRR of approximately 2:1.
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