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Chart Of The Day: CAD/JPY

Discussion in 'Technical Analysis' started by ActionForex.com, Feb 12, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Even though it is one of the less frequently traded crosses, CAD/JPY, the daily chart of which is shown, displays some vital technical characteristics. For one, the lower red downtrend line has proven itself as almost a pinpoint-accurate representation of long-term resistance and support since at least August 2006. Since...

    complete article here...

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