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CADJPY 30 Aug 2023

CADJPY 30 Aug 2023 on H1 timeframe. After a bearish day yesterday that saw the pair drop below the kumo on the ichimoku indicator. The pair was again able to reverse the trend and rose again at the close of the day. Being inside the kumo with the chart still signaling a bullish signal, it is possible that this pair is able to break the kumo. If that happens then go-long can be an option for traders. but on the other hand if referring to the stochastic indicator it looks likely to be bearish due to overbought. Keep an eye on market movements and changes and study many indications before making trading decisions.

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