Following on from my analysis on the S&P500 and NK225, how are the Yen pairs going to perform as we head into the end of the month? Below are the scenarios for bulls and bears while taking March pivots into consideration.

CADJPY Daily

Unlike AUDJPY, CADJPY has not formed a reversal pattern so there is nothing telling us that this pair is going to move higher at the moment. 86.000 is resistance and 87.000 higher up.

CADJPY H4

If you are a bear then you are selling at WPP with a target of WS2. If you are a bull then you are waiting for a break above 84.500 and looking to buy the pullback with a target of WR2.

Leave a Reply