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Because CAD/JPY formed a Channel Up pattern, we expect it to touch the support line. If it breaks through support it may move much lower

Will CAD/JPY have enough momentum to break support?
CAD/JPY is heading towards the support line of a Channel Up. If this movement continues, the price of CAD/JPY could test 110.3327 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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