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CADJPY Breakout Rejection - Consolidation In Short Term. SELL

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Dólar Canadense/Iene Japonês (FX:CADJPY)  
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FX:CADJPY   Dólar Canadense/Iene Japonês
Trend Analysis Chart Patterns CADJPY cadjpyshort cadjpyanalysis cadjpytrade cadjpysell cadjpyforecast cadjpysetup cadjpysignal cadjpyidea
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trendanalysis chartpattern cadjpy cadjpyshort cadjpyanalysis cadjpytrade cadjpysell cadjpyforecast cadjpysetup cadjpysignal cadjpyidea
CADJPY's attempt at making a breakout above the 76.800 level seems to have lost strength, and I see it now consolidating in a narrow range between 76.800 and 76.650 levels in the short term. A clear trend maybe seen after getting out of this consolidation range, but right now, I will look at going short in this pair since the breakout attempt seems to have been rejected. I would set my take-profit level at 76.650 level, which is not much, but since this is the consolidation range, we cannot expect a very high take-profit range anyway.
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