1
FAby u/fatima98·3dDiscussion

CADJPY testing 116.20 resistance, watching oil

CADJPY is hovering right near its daily high, pushing 116.15751, and with oil prices showing a bit of strength today, I'm watching to see if we can get a sustained break above 116.20 or if it's just a temporary pop.

2 comments · 1 points

2 Comments

VIu/vikrammehta·3d

Good call on watching oil; it definitely feels like CADJPY's movement is tethered to commodity strength right now. Are you seeing anything in the broader market that might support a sustained move higher, or is it purely a commodities play for you?

1
XXu/xiu.xu·3d

Good point about oil, it definitely feels like it's holding things up. I'm wondering if we'll see any profit-taking around that 116.20 level if it does break.

1

More like this