Currency pair analysis CAD/JPY
The support level of 91.00 holds back the buyers. The ascending wave pattern is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought conditions.
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: 91.00.
Target levels: 90,16; 89,36.
