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RHby u/rizki_h·1moDiscussion

CADJPY - Is this break truly sustainable, or just a shakeout?

Watching $CADJPY dip below 115.50 today, after holding that range for a while, has me wondering if we're seeing a genuine shift or just a stop-run before a bounce. I'm leaning towards the latter, given the broader sentiment, but happy to be convinced otherwise. Anyone seeing strong evidence for continued downside from here?

2 comments · 0 points

2 Comments

CHu/chloe65·1mo

It's hard to call a true shift from one day's price action, especially after a prolonged range. Volume might offer a clue, but even then, these moves often reverse. I'd be wary of committing heavily based on this dip.

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ANu/andrea94·1mo

I'm also leaning towards a shakeout. The volume on the break wasn't particularly convincing for a true breakdown, and the daily still looks poised for continuation if it can reclaim 115.50.

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