DannyBly
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Looking at the daily CAD/JPY we can see a nice upward channel forming - containing the reaction to the longer term downmove. Watching this pair for potential breakouts to the up or downside of the channel - and for a potential cross of the 50 and 200 EMA's indicating either an (upside cross - bullish) trend change or (downside cross - bearish) trend confirmation.
![cadjpy.jpg](/proxy.php?image=http%3A%2F%2Fwww.traderslog.com%2Fstatic%2Fimages%2Fuploads%2Fcadjpy.jpg&hash=0e954bc6316670daf244fd309e9e8364)