Friday, February 19, 2010

CAD/JPY trend channel

Interesting 4-Hour YEN cross chart here:

Trend channel has signalled a temporary top and now it rests on the short term MA (13) to hold or 87 level comes in focus.

Another level to watch is the 55-MA on Hourly - 1.87.15 hat held the trend last week and will signal more weakness to the USD/CAD pair as it is under pressure around 1.0519 the 55-DMA on Daily charts.

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