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From what is seen on the 4-hour chart of the CAD/JPY cross currency pair, there appears to be a deviation between the CAD/JPY price movement and the Awesome Oscillator indicator plus confirmation that the price movement of this currency pair has successfully broken and closed below its MA (200) and has successfully broken below the Ascending Broadening Wedge pattern, so in the near future, even though there is strengthening to test the 108.95 level, as long as the strengthening does not broken and close above the 110.35 level, CAD/JPY will continue to weaken to the 105.67 level and if the momentum and volatility support it, 103.50 will be the next target to be targeted later.
(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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