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13 Mar 2015
CAD/JPY: Further to go on the downside - TDS
FXStreet (Guatemala) - Analysts at TD Securities are overall bearish on CAD/JPY.
Key quotes:
"CAD/JPY’s break and close below trend support at 95.85 should signal more downside in the cross, especially after the repeated failures to progress above the 96.50 area over the past few weeks."
"Gains should be contained to the upper 95s. We think the cross should head back to the 94.00/20 range at least to explore the lower end of the trading range in place recently from here."
"Slack trend momentum favours neutral, sideways range trading."
Key quotes:
"CAD/JPY’s break and close below trend support at 95.85 should signal more downside in the cross, especially after the repeated failures to progress above the 96.50 area over the past few weeks."
"Gains should be contained to the upper 95s. We think the cross should head back to the 94.00/20 range at least to explore the lower end of the trading range in place recently from here."
"Slack trend momentum favours neutral, sideways range trading."