Day: September 4, 2016

CAD/JPY Consolidates in Symmetrical Triangle on Daily Timeframe

Canadian dollar is in a long-term downtrend against the Japanese yen since December 2014. The current bearish wave runs since April this year. The currency pair is consolidating for more than two months as of today. A bearish breakout from the formed triangle will trigger further selling pressure against the CAD. The symmetrical triangle is marked with the yellow lines on the screenshot below. As you can see, it is quite […]