CAD/JPY may be on a start of a new bearish trend after its breakout through this important support level

Possible start of a bearish trend as CAD/JPY breaks support
The breakout of CAD/JPY through the 113.1220 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, CAD/JPY could test 111.3430 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.

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