Dólar Canadense/Iene Japonês
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CADJPY: Likely to bounce back

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The two candles are very eye-catching. They are showing us a signal, which is that the downward trend could end soon.
The downward trend has been lasting for a while. The pressure from sellers was strong, which allowed the price to go down so much.
So, could the support point here pull the price up?
I would say: yes.
The MACD is about the cross in the near future.
The RSI is just recovered from the oversold point.
Let’s expect the price to go up

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