CADJPY - Bearish Bias

🇨🇦 CAD - Strong Bearish
1️⃣ Risk-off sentiment and declining oil prices weighing on the CAD.
2️⃣ Canadian GDP shrank 0.3% on quarter in Q2 2021.
3️⃣ Canadian trade balance for July is expected to decline.

🇯🇵 JPY - Strong Bullish
1️⃣ The JPY benefits from a risk-off market environment.

=====
Technical
=====

We are selling the CADJPY after it failed to break the resistance of 87.400.

=====
Risk to this trade
=====

Any change in sentiment could turn the pair's direction.

Trade ativo

Trade fechado: stop atingido:

❌ TRADE HAS HIT SL

-50 PIPS

Risk-on tone during Asian session support the high-beta currencies.