Starting of the week with 0.40% drop,CADJPY bears piled up as soon as the pair tested the strong support 83.890. The Canadian Dollar is affected by oil prices because of Canada’s energy exports. CADJPY managed to break the trend line in the early sessions and as of now falling below 83.85 . The strong support barrier is difficult to break for the bears but expected to breakthrough below.People who are on the bears side, will have a minimum risk ratio to enter into the market to travel till 83.600 and further below 82.800.
On the other side, bulls will find a higher low above 84.000 for further upside movement till 84.800

CADJPY Today:
Daily open: 84.210
Daily Last high: 84.235
Daily Last Low: 83.822
Daily current growth: -0.39%