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Monday, February 6, 2012

CAD/JPY 06.02.2012


/ On : 12:11 PM
After bottoming out last Friday on the substrate 76, a powerful bullish on parity wasreached CAD / JPY and the break of 76.50 gave us a buy signal.
This allowed us to show a lower uptrend channel (black lines).
All indicators are bullish.
Currently the pair is testing resistance at 77.
We continue to advise long positions as the support is 76.37.
Break 77 will give a new buy signal and open the way to 77.50.
In case of return to 76.37, we will be neutral between this level and 76.


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