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CADJPY analysis 14.02.2020

The overall trend is downward. The assumed upward correction ended with a breakthrough of the inclined channel. Breaking through the price pivot zone 82.62 will result in the formation of a descending pattern within the wave (C) of the H12 level. A bearish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator signals overboughtness.

Trading recommendations:

Selling below 82.62.

Stop loss: 83.10.

Target levels: 82.25; 81.60.

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