Open account Log in

CAD/JPY reversed support zone

Read the article on FBS website
  • CAD/JPY reversed support zone
  • Next buy target - 85.00

CAD/JPY today reversed up sharply from the support zone lying between the support level 83.70 (previous buy target and the strong resistance level which reversed the pair in May) and the 38.2% Fibonacci correction of the previous sharp downward impulse from the start of June. If the price today closes near the current levels it will form the daily Japanese candlesticks reversal pattern Bullish Engulfing – in line with the active minor impulse waves (iii) and 3. CAD/JPY is expected to rise to the next buy target at the next resistance level 85.00.

Share with friends:

Similar

Latest news

Instant opening

The website is operated by FBS Markets Inc.; Registration No. 000001317; FBS Markets Inc. is registered by the Financial Services Commission under the Securities Industry Act 2021, license number 000102/6. Office Address: 9725, Fabers Road Extension, Unit 1, Belize City, Belize.

FBS Markets Inc. does not offer financial services to residents of certain jurisdictions, including, but not limited to: the USA, the EU, the UK, Israel, the Islamic Republic of Iran, Myanmar.


Payment transactions are managed by НDС Technologies Ltd.; Registration No. HE 370778; Legal address: Arch. Makariou III & Vyronos, P. Lordos Center, Block B, Office 203, Limassol, Cyprus. Additional address: Office 267, Irene Court, Corner Rigenas and 28th October street, Agia Triada, 3035, Limassol, Cyprus.


Contact number: +357 22 010970; additional number: +501 611 0594.

For cooperation, please contact us via support@fbs.com.


Risk warning: Before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience.

Any copying, reproduction, republication, as well as on the Internet resources of any materials from this website is possible only upon written permission.

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.