CAD/JPY broke resistance zone

CAD/JPY broke resistance zone

  • CAD/JPY broke resistance zone
  • Next buy target - 87.20

CAD/JPY recently broke through the resistance zone lying between the pivotal resistance level 85.70 (which stopped the pervious waves (1) and B, as can be seen below) and the 61.8% Fibonacci correction of the pervious sharp downward impulse from February. The breakout of this resistance zone accelerated the active impulse wave (3). CAD/JPY is expected to rise further toward the next buy target at the next resistance level 87.20.


Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera