Ichimoku (Daily chart)
Tenken-Sen- 79.49
Kijun-Sen- 80.66
CAJPY is trading slightly lower for the day after a jump of more than 150 pips. The pair hits high of 80.15 yesterday and is currently trading around 79.45.
The yen is trading strong on the global trade war and economic slowdown. Any bullishness in USDJPY for the intraday can be seen only above 106.40 level.
USDCAD recovered more than 80 pips from yesterday's low of 1.32250 and any violation above 1.3350 will take the pair to next level till 1.3380/1.3435.
On the lower side, near term support is around 79.40 and any convincing break below will drag the pair to the next level till 79/78.50.
It is good to sell on rallies around 79.75-80 with SL around 80.20 for the TP of 78.50.
