CAD/JPY Breakout Snap Shot 1/25/2013

\ 8:10 AM EDT \ January 25th, 2013
Forex Technical Update

CAD/JPY 4H chart 1/25/2013 8:08AM EST

http://screencast.com/t/EGLZ6qmmDa

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.

Information and opinions contained in this report are for educational purposes only and do not constitute an investment advice. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness. FXTimes will not accept liability for any loss of profit or damage which may arise directly, indirectly or consequently from use of or reliance on the trading set-ups or any accompanying chart analysis.

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