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CAD/JPY broke support zone

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  • CAD/JPY broke support zone
  • Next sell target - 81.00

 CAD/JPY continues to fall after the earlier breakout of the support zone lying at the intersection of the support level 83.20 (which stopped the previous impulse wave (1), as can be seen below) and the two ascending support trendlines from April and March respectively. The breakout of this support zone accelerated the active impulse wave (3). CAD/JPY is expected to fall further toward the next sell target at the next support level 81.00.

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