CAD/JPY: Wedge?

 | Jan 28, 2015 08:57AM ET


Currently we are at 94.64 in a descending wedge which is bearish for the cross. We are looking for a continuation to the 1.618 Fibo support area @ 93.78 with an overall target @ 92.84. The average daily true range (ATR) for the pair currently is 149 pips.