CADJPY forex forecasts and trading signals
Today we bring to your attention a strategy for forex trading with the CADJPY currency pair. This pair has started to rise slightly in price due to the weakness of the Japanese Yen. Other forex currency pairs that are traded with the Yen have also moved. You can count on not much profit. We recommend taking profits to the nearest resistance level of 101.80.
Order Type: Pending Order - Buy Stop
Entry Price at 101.25
Take Profit at 101.80
Pips Earning: 55
Currency trading recommendation:
EURUSD buy at the price of 1.0790
USDJPY buy at the price of 128.35
GBPUSD buy at the price of 1.2670
USDCHF sell at the price of 0.9540
The result of a trading recommendation.
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How to use forex trading
The profit can be $533.50 if the trading volume of 100000 CAD (1 Lot).