CADJPY Short opportunity

١٠ أغسطس ٢٠٢٢

I have to admit the CAD/JPY has been playing with my feeling since last week with the false breakouts, consolidation but finally we have broken out of the rising wedge which was a bearish pattern, as seen my overall target for the month is 98.5, 99.9, 100.5.

canada's CPI data is coming out next week and i believe its gonna be worst than the US own we had today. Remember the FED needs a recession to meet their agenda.