cj-1024x395CAD/JPY is still correcting last slippages in the broader downward trend. Currently we observe another rebound from the short-term line connecting higher lows. It seems, that in the next few hours the correction should be continued. That gives opportunities to look for increases and buy CALL option expiring in rather short term.

CJ_screen 03.02

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Member and editor of Finance Magnates - the biggest FX, and binary options B2B website. A graduate of the University of Economics in Krakow, active publicist since 2012. Technical analysis is always more important to him than the fundamentals – however, he does not reject the importance of macro data. As he assumes that, the simpler the better, he is a strong fan of Price Action trading strategy and Fibonacci retracements.