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CAD/JPY 3 Month Decline Over?

CAD/JPY 3 Month Decline Over?

Jamie Saettele, CMT, Sr. Technical Strategist

CADJPY might be my favorite chart at the moment. The drop from December found support at the July 2016 high. In other words, the breakout level has been re-tested…which is bullish. This ‘idea’ is interesting in that it could be a play on crude and gold (long crude and short gold). I’ve written a lot about both recently (see here and here). I'm looking for at least a pullback in gold. I love what crude is doing…get everyone bearish on the trendline and RIP.

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