CADJPY has reached and been rejected from 2014 big resistance level.
Weekly time frame:
rsi = overbought
macd = weaken.
It got rejected from resistance in 8 june 2022 and tried to retest it but failed in 21 june 2022.
However on the 1 hour time frame, it failed to break LL of 10200 in 16 jun 2022.
But higher time frame moment is down, expect market to go down.
Cadjpy has been pumping due to the war = printing + exporting stuff.
Weekly time frame:
rsi = overbought
macd = weaken.
It got rejected from resistance in 8 june 2022 and tried to retest it but failed in 21 june 2022.
However on the 1 hour time frame, it failed to break LL of 10200 in 16 jun 2022.
But higher time frame moment is down, expect market to go down.
Cadjpy has been pumping due to the war = printing + exporting stuff.