CAD/JPY broke strong support level 81.30

CAD/JPY broke strong support level 81.30

  • CAD/JPY broke strong support level 81.30
  • Next sell target - 80.00

CAD/JPY recently broke through the strong support level 81.30 (previous sell target, which stopped the previous waves (ii) and (i), as can be seen from the daily CAD/JPY chart below).  The breakout of the support level 81.30  continues the sharp daily downtrend from the start of January. CAD/JPY is expected to fall toward the next sell target at next round support level 80.00 (forecast price for the termination of the active impulse waves 5 and (C)).

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