CADJPY pair has just broken a wedge to downside on a 4 hr chart and is a daily resistance level of 94.
The level of 94 has been a significant resistance for last 4 days.
CADJPY has been range bound in this week and has broken a wedge to downside.
The USDJPY has also started a retracement after a ralley for last 3 days.
CADJPY might touch 93 if data from Canada continues to be poor and JPY strengthens.
The NFP after 2 days would also mean risk aversion and JPY strengthening.
On a daily chart CADJ…
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