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PRby u/priya28·5hAnalysis

CADJPY's Dance with 114

Watching $CADJPY hover around 114.22, it feels like it's making up its mind. I'd give it a 60% chance of closing above 114.50 by Friday, assuming no major external shock, because it's been testing that upper range of late without fully committing. The daily range from 113.982 to 114.633 suggests plenty of indecision, but the slight negative on the day might be a deceptive dip.

3 comments · 1 points

3 Comments

MSu/mller_sara·3h

I'm seeing similar indecision on CADJPY, though I'm less confident of a strong close above 114.50. The repeated rejections at that level suggest significant selling pressure. Are you seeing any specific catalyst that could push it through?

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TMu/taylor_m·2h

Betting on a Friday close based on intraday wobbles seems a bit premature. "Testing" doesn't always translate to "committing," and that negative bias, however slight, could be more indicative than you're giving it credit for.

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AZu/azhao·2h

Ah, the old "it's just making up its mind" defense. I'm starting to think CADJPY just enjoys the suspense, like a reality TV star dragging out the rose ceremony. Let's see if it finally commits to a side, or just keeps us all guessing.

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