Breakout and Retest price movement in CADJPY

CADJPY Analysis

CADJPY has made a breakout at the bottom zone of the uptrend channel line.

After the breakout, the market price has retested the broken level and starts to fall down.

Now, it looks like Uptrend channel line converts into downtrend channel line.

However, the CADJPY still remains in an Uptrend.

Please be patience and wait for the breakout from this downtrend channel ranges.

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