Daily Forex Price Action - Fri 21st July ‘23 - Charles Clifton

JPY Weakness Sweeps The Market

Fri 21st July 2023 : Daily Forex Price Action

Today we’re looking at Trading Setups in:

CADJPY (Primary Focus Pair)
CHFJPY (Covered In Video)
NZDCHF (Covered In Video)

CADJPY tops our day traders table as JPY weakness dominates the market.

CADJPY has found support at a weekly level which was a neckline of a double top pattern that had formed around October 2022.

Price has rejected this neckline support at 104.50.

Cont.