CADJPY Buyers Targeting 101.00
Thurs 16th February 2023 : Daily Currency Strength Analysis
In Today’s Video we’re looking at Trading Setups in:
- CADJPY
- NZDCAD (Covered in Video)
CADJPY Buyers Targeting 101.00
In today’s forex strength video we identified that the Canadian Dollar (CAD) is a strong currency, and the Japanese Yen (JPY) remains a weak one.
We featured CADJPY on the 13th Feb talking about an opportunity on a breakout of 99.00.
Price has since traded through this level, retested and moved higher by over 100 pips.
Price looks set to continue to the 101.00 resistance level.
On the H1 chart we can see a consolidation pattern forming.
If price breaks out of this pattern higher it could offer further buying opportunities.
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