Technical Analysis

Sell CAD/JPY – 2 Feb 2022

Our free forex signals service trade today is a sell order on the CAD/JPY pair. The CAD/JPY pair moves somehow sideways on the H4 chart. The price action signaled that the upside is limited and that the sellers could take the lead again soon. The Japanese Yen Futures have managed to rebound and to register a strong rally, further growth could help the Japanese Yen to dominate the currency market again.  Fundamentally, the Japanese Monetary Base registered only an 8.4% growth versus 8.5% expected. Yesterday, the Unemployment Rate and the Final Manufacturing PMI came in better than expected. [su_button url=”https://www.forexcrunch.com/visit/learn2trade”…

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