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Canadian Dollar / Japanese Yen
Long

CADJPY Possible Short-Term Retracement

By Rajomatic
Price did a Fakeout of the Channel Break and is now looking to retrace a bit higher to previous Support turned Resistance. The consolidation area above price might be the deciding point of the market's true direction so I advise getting out then. Remember, we are still in a weekly downtrend.
consolidationzoneFibonacciFibonacci Retracementshort-termTrend AnalysisTrend Lines
Rajomatic

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