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With the appearance of deviations between the CAD/JPY price movement which forms a Higher-High with the Stochastic Oscillator indicator which actually forms a Lower-High and its price movement which is now below the T-Line (EMA 8) then in the next few days CAD/JPY has the potential to be corrected to weaken down to the level of 108.08 but as long as the weakening correction does not continue especially until it breaks through and closes below the level of 106.78 then CAD/JPY can still continue its strengthening to the level of 110.50 and 111.87 as the next target if the momentum and volatility support.
(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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