CAD/JPY Signal- November 28, 2012
Forex pairs in this Article »
CAD/JPY
By: DailyForex.com
Currency: CAD/JPY Method: Elliott Waves Description: Looking at the weak Japanese retail trade and %100 correction that hit 83.200, I expect a drop in the pair toward 0.50 Fibonacci toward 80.00 price point. technically, the trend broke resistance level at 82.600 and further drop is strongly in view. I would gamble CAD/JPY this morning for nearly +250 projected profit. Recommendation: Sell and Hold Stop Loss: 83.500 Target: 80.000
Currency: CAD/JPY Method: Elliott Waves Description: Looking at the weak Japanese retail trade and %100 correction that hit 83.200, I expect a drop in the pair toward 0.50 Fibonacci toward 80.00 price point. technically, the trend broke resistance level at 82.600 and further drop is strongly in view. I would gamble CAD/JPY this morning for nearly +250 projected profit. Recommendation: Sell and Hold Stop Loss: 83.500 Target: 80.000
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