Currency pair analysis CAD/JPY

The overall trend is descending. The currency pair is trading in the range of the upper edge of the descending price channel. The ascending wave pattern is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought conditions.

CAD/JPY rate online: monitor the price movement in real time.

Trading idea:

Sell when the descending wave pattern is formed, where the wave (A) breaches the inclined channel of the ascending truncated pattern.

Stop loss is over the resistance level 89.91.

Target levels: 89.12; 87.45.