Technical Analysis – CADJPY approaches ascending trend line; bearish correction in progress

CADJPY remains under strong pressure after the pullback on the 89.60 resistance level on January 17. The pair plummeted towards the ascending trend line, which has been holding since September and dropped below the two-short-term simple moving averages, 20 and 40. Looking at the daily timeframe, technical indicators are holding below their neutral levels. The […]