Previous candle on the 4 hour chart the currency pair CADJPY broke the important support at 83.62, with the market struggled from Tuesday.
After the break, it seems that further declines are inevitable, but you can consider the option PUT after the re-test of a broken support that has now become a resistance, so as to make a transaction at a better price. In this case, there is a risk that re-testing does not occur.
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