CAD/JPY broke resistance level 90.80

CAD/JPY broke resistance level 90.80

  • CAD/JPY broke resistance level 90.80
  • Next buy target - 92.00

CAD/JPY continues to rise inside the sharp minor impulse wave 3 – which previously broke through the key resistance level 90.80 (top of the previous B-wave – which belongs to the intermediate ABC correction (2) from September). The breakout of the resistance level 90.80 accelerated the active impulse waves 3 and (3). CAD/JPY is expected to rise further toward the next buy target at the resistance level 92.00 (top of the pervious impulse wave (1)).



EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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