Cad/Yen Comeback
After reaching an inter-day low of 83.76 the bear celebration was cut short as buyers stepped in and pushed this pair back up 160 pips to finish yesterday at 85.13 in a volatile trading session. The hammer reversal confirms that the daily up trend that started back in February of this year is "alive and kicking", at least for now. Look for this pair to try and regain the 87.00 area before trying to retake the August 24th high of 88.39.
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