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With the appearance of deviations between the price movements of the CAD/JPY currency pair on the 4-hour chart which forms a Higher High while the Awesome Oscillator indicator actually forms a Lower High, providing information that in the near future CAD/JPY has the potential to be corrected weakening where the level of 117.45 will try to be tested to be broken. downwards, if this level is successfully broken downwards and there is no strengthening correction which penetrates above the 117.86 level, then CAD/JPY will continue its weakening to the 117.00 level as the main target and if the momentum and volatility are supportive then 116.50 will be the next target to be aimed at.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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