CAD/JPY 4H chart 1/25/2013 8:08AM EST
The screenshare shows CAD/JPY with a possible bullish continuation. Structure and momentum has become shaky during January, but will the current break be a sign of continuation? For me, if there is a throwback, and it holds above 89.60, its a good sign bulls have retaken control, and the high near 91.40 could be next in the very short-term.
Fan Yang CMT is a forex trader, analyst, educator and Chief Technical Strategist for FXTimes – provider of Forex News, Analysis, Education, Videos, Charts, and other trading resources.
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