CADJPY is sitting on a critical support level with just four trading days left in June. The level in question is 78.40. Why is that significant? If you saw my post on June 11th, you know that 78.40 is the location of a trend line that extends from the pair’s all-time low. It’s a twenty-five-year trend line that you can’t afford to ignore. Notice that CADJPY has yet to close a month back above that level. In other words, it’s still serving as resistance on a monthly closing basis. That’s the key here. It’s also why I think June’s close will be so significant for CADJPY and others. If June closes above 78.40 or ... (full story)