Midday Forex price action Analysis – 2017-03-01 (Setups on EURJPY, USDCAD, CHFJPY)

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Today we have several strong setups. Both EURJPY and CHFJPY are highly correlated and are showing a similar strong short setup on the 12hr chart. Not only is this sitting on resistance, it is also hitting a strong trend line. The USDCAD setup also looks very good, but please be aware that the CAD interest rate announcement is out today and it could impact this setup.

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