CAD/JPY…Pattern Alert!

In the 1/28/13A.M. Look we looked at the Canada
http://www.whitewavetradingstrategies.com/a-m-look-12813/

Today the CAD/JPY cross is attempting an ORH day with a close over 91.21.
Sustaining over 91.49 would be needed to confirm the pattern.

Canada Futures are coming up into short term Fib resistance around 100.

We watch these patterns for Risk On bias and general market tone. Higher CAD/JPY is generally Risk friendly.

130131_100002_CQG_IC_Chart_ICADJPY_-_Canada_Japan_Index_Quarterly

130131_095944_CQG_IC_Chart_ICADJPY_-_Canada_Japan_Index_Daily

This entry was posted in Archive and tagged , , , . Bookmark the permalink.