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Wednesday, February 1, 2012

CAD/JPY 01.02.2012


/ On : 1:08 PM
After making a decline of 76.50, parity, CAD / JPY has resumed its downward movementand is testing support at 76.
All indicators are bearish.
We continue to advise short positions is the 76.50 resistance.
Break of 76 will give a new sell signal and open the way to 75.44.
In case of return above 76.50, we will be neutral between this level and 76.75.
The breaking of 76.75 give a buy signal.


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