Best Short-Term Selling Areas for the Canadian Yen
The Canadian Yen managed to fall sharply and break the recent buying areas.
This was due to negative dollar news on Friday.
The pair broke the sub-uptrend and formed new strong selling areas.
New supply areas are located at the 107.24 level.
This is considered one of the best selling areas currently.
If it tests these areas, it is expected to decline to the specified targets,
which are located at the 106.80 and 106.30 levels.
However, if the supply areas are broken and a close
above them is reached, the analysis will fail.
The pair may continue rising to reach the next supply areas,
which are located at the 108.62 level.
