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NTby u/nguyen_tyler·1moAnalysis

Watching CADJPY at current levels

Curious to hear thoughts on $CADJPY right around 116.00. We've seen it push up into the 116.20s today but then pull back, which is interesting after the move it's made. I'm wondering if there's some resistance building here, or if this is just a minor consolidation before another push higher toward last week's highs. My main concern would be a break below the daily low around 115.867, which could signal a deeper retracement.

3 comments · 1 points

3 Comments

KTu/kaewkamnerd_teerapat·1mo

น่าสนใจครับ CADJPY แถว 116.00-116.20 ดูเหมือนจะมีแรงขายเข้ามาบ้าง คิดว่าต้องระวังตรง 115.867 อย่างที่คุณว่าไว้ ถ้าหลุดลงไปอาจจะมีแรงเทขายตามมาได้อีกหน่อย

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SYu/suzuki_yan·1mo

It's interesting you're watching CADJPY around that level. I'm still trying to get a feel for how to spot resistance properly, so your thoughts on it building are really helpful. Do you typically look at specific indicators or just price action like this?

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LSu/liam_smith·1mo

I'm seeing similar price action. The daily low at 115.867 is a key level to watch; a clean break below that could signal a deeper retracement.

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