CAD/JPY - 1W - Bearish

٢١ أكتوبر ٢٠١٧

Looking at the technicals here on the weekly we have a ABCD pattern completing close to previous support which could become resistance. We also have a rising wedge and bearish divergence. Then on the 4h there is a bearish MACD cross over and double top at the top of an upward move which points to a reversal. Looking at the fundamentals the CAD had a bad week with negative retail sale data. I am bearish on CAD and looking to short here.