Yen crosses looking good

Written by Raul Lopez on . Posted in Trades & Analysis.

Again, apparently the yen crosses are trading in clear market conditions, most of them bullish. I’m particularly keen about the CADJPY, because it just broke through an important long term resistance level, and there is no other resistance on the daily charts, we need to go to the weekly go the next level:

CADJPY
CADJPY

So the CADJPY is bullish, and there are more than 500 pips from where the market is trading right now and its next LT resistance level at 96.74, so let’s see if we find a good long entry.

Trade Safe!

Raul Lopez
http://www.protradingnow.com/

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
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