Weekly Outlook for CADJPY

٧ أكتوبر ٢٠١٩

CADJPY: 4-hour right side is down against 9/12/2019 peak (82.08). 1-hour right side is turning down against 81.84 high. Near-term, while bounces fail below 81.84 high and more importantly below 82.09 high expect pair to extend lower. At this stage, pair needs to break below 8/25/2019 low (78.4) to avoid a double correction.