CAD/JPY still awaits inverse head and shoulders breakout

Weekly chart – CAD is on fire, but the CADJPY cross still awaits the inverse head and shoulders breakout. USD/CAD could go still go down by 100 pips more. So we could test neckline on CADJPY…however, a convincing breakout would need a rebound in the USD?JPY pair.

CADJPY W1 (07-12-2017 2115).png

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