Monday, June 27, 2022

+660 points reached in CADJPY after it falling from the higher high zone of the Uptrend line
1 mins well spent

CADJPY Analysis

CADJPY is moving in a strong bullish trend for a long time.

Now the market starts to fall from the higher high zone of the uptrend line. 

cadjpy correction from the bullish ride

The market is going under a retracement and correction mode.

After the confirmation of the downtrend movement, the CADJPY sell signal is given.

CADJPY has reached the take profit successfully.

Japan Yen faces worst loss and now it’s making a correction

Japanese Yen makes the worst loss versus US Dollar in the past 3 months of 4% decline.

Japan Consumer spending low Unhappy bankrupt woman with empty wallet

This is because Japanese consumer spending and retail sales fell to -1.5%, Household spending and average cash earnings at -5.0% and -0.5%, respectively.

And this scenario is a big blow for the Japanese Yen, which results in the decline of domestic data.

Vaccination is also a backlog for Japan, and soon the process started may recover the negative numbers to positive numbers in Domestic data.

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