CADJPY: Consolidating Before Thrusting Much Higher

Published December 12th, 2007 - 09:27 GMT
Al Bawaba
Al Bawaba

The CADJPY, and all JPY pairs for that matter, have been extremely volatile lately.  With volatility comes opportunity though and we have identified a short term pattern in the CADJPY that is likely to lead to a strong upward thrust, but not before some consolidation.