Originally Posted by
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I was posting my CJ analysis from the USDCAD trend reversal thread, but I suppose a separate thread isn't a terrible idea. Here is my analysis along with charts.
I am a buyer lt;112 and seller gt;113. Currently from my most recent from before this morning (111.80 gt; 113.05). USDJPY was in a ranging pattern since last Friday, shooting CJ with it, so that there have been many great trading ranges within this pair. Meanwhile, USDCAD hasn't been able to violate parity. Once I visit UJ break from its range (113.58), or UC split parity and maintain that, then CJ becomes a buy and hold till at least 114.50 if not higher (117).