CADJPY: Symmetrical triangle

CADJPY, Daily

In the Daily timeframe, CADJPY formed a symmetrical triangle pattern. The price is testing the upper trend line and MA50. At the same time, the lips crossed the jaw of the Alligator, indicating a possible upside.

• If the bulls push the price above the trend line and 109.000, the upside to 111.200 will start;

• A bounce off the upper trendline will drop the price to the lower trendline of 106.500;