Chart Art: Potential Break and Retest Play for CAD/JPY
CAD/JPY recently broke below a long-term trend line support and followed through with a sharp downswing. Since then, the pair has shifted into consolidation, suggesting selling pressure has cooled after the initial move lower. Will we see a break-and-retest situation? CAD/JPY 4-hour Forex Chart by TradingView The Canadian dollar has taken hits over the past…