CAD/JPY Friday rejected 94.50 level and closed with pin bar candle, This daily pin bar is making a clear that false break of resistance level which has been a major proven resistance level many times in the past. Price has made a very fast and aggressive run higher to be where it is now with this bearish pin bar reversal.
If price can confirm this false break pin bar and break the pin bars low, it would not surprise to see price move lower to next strong support 91.00 level.
If price can confirm this false break pin bar and break the pin bars low, it would not surprise to see price move lower to next strong support 91.00 level.
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