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CAD/JPY 3 Month Decline Over?

Jamie Saettele, CMT

DailyFX.com -

CADJPY might be my favorite chart at the moment. The drop from December found support at the July 2016 high. In other words, the breakout level has been re-tested…which is bullish. This ‘idea’ is interesting in that it could be a play on crude and gold (long crude and short gold). I’ve written a lot about both recently (see here and here). I'm looking for at least a pullback in gold. I love what crude is doing…get everyone bearish on the trendline and RIP.

CADJPY Weekly

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CADJPY and Crude/Gold Daily

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