Technical Analysis – CADJPY struggles for direction; remains in bearish trajectory

CADJPY is being capped by the 20-day moving average (MA), having rebounded from Monday’s 7½-month low of 78.48. Prices are currently hovering around the 23.6% Fibonacci retracement of the July-August downleg at 79.60. But the next move could be in either direction as the momentum indicators are giving mixed signals. The stochastic oscillator is pointing […]