$CADJPY is trapped between YPP and 0.236 Fib level

2019-12-12 01:19:28

$CADJPY is trapped between Yearly PP and Fib .236 level. The same level is aligning with 100MA and provide good support as you could see since May 2019. I am expecting some move to 450MA(83.41xx) again and retraction back to 0.236(81.42). Once this level 81.42x is broken the downtrend to 0.382 and 0.5 might continue. So far I am flat and bearish for this pair.