FX.co ★ raynor.cornelius | CAD/JPY

The development of an uptrend in the CAD/JPY pair is still stalling. At the end of the week, the bears broke through the 114.44 level (Murray 1.8), but stopped at the base of the 114th figure (Murray 0.8), after which the price returned to the Tenkan and Kijun lines on H4. The MACD indicator is set to move into the negative area, but lately it has been drawing an almost perfect sine wave, so if you rely on its signals at all, it would only be to determine the local trend.