Thursday, October 15, 2026

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FxWirePro: CAD/JPY forms Bearish Bat Pattern, good to sell on rallies

Harmonic Pattern Formed – Bearish Bat Pattern Potential Reversal Zone (PRZ) - 86.30 The pair has made a high of 86.19 at the time of writing and started to decline from that level. It is currently trading around 86. Intr…

By FxWire Pro
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FxWirePro: CAD/JPY forms Bearish Bat Pattern, good to sell on rallies
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  • Harmonic Pattern Formed – Bearish Bat Pattern
     
  • Potential Reversal Zone (PRZ) - 86.30
     
  • The pair has made a high of 86.19 at the time of writing and started to decline from that level. It is currently trading around 86.
     
  • Intraday trend is slightly weak as long as resistance 86 holds. Any break above 86.30 will take the pair to next level around 87.05/88 in short term.
     
  • The pair’s minor support is around 85.40 and break below targets 84.50/84.10.

It is good to sell on rallies around 86-86.10 with SL around 86.30 for the TP of 85.40/85.10

 

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