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CAD/JPY breaks trend support- TDS

FXStreet (Guatemala) - We remain skeptical of CAD/JPY’s ability to rally significantly.

Key Quotes:

“Today’s move higher contrasts with the generally negative break of trend support”

“The small, late July rebound as the CAD pressured trend support off the March lows formed a small bear flag (targets 91.64, a little lower than the low 92 area we have been targeting)”.

“We think short-term CAD/JPY gains are a sell while the market remains below 94.10”.

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