CADJPY Chart Technical Outlook Expanding Wedge offers a bullish bias, Intraday trading continues to be mixed and volatile. Those using reversal candle formations are likely to get chopped up within this price action.
The four-hour chart highlights an expanding wedge formation. This offers the cross a mild bullish bias.
On a break of yesterday’s swing high at 108.11, the measured move target is a mere 17 points away at 108.28. We also have a 161.8% extension level located at 108.38. I can see no value trades in this cross.
