CAD/JPY broke support zone

CAD/JPY broke support zone

  • CAD/JPY broke support zone
  • Next sell target - 85.50

CAD/JPY has been falling in the last few trading sessions inside the minor impulse wave 3 – which previously brook though the support zone lying between the support levels 87.60 (intersecting with the support trendline from the middle of August) and 86.70 (low of the previous intermediate correction (A) from November). The breakout of this support zone accelerated the active minor impulse wave 3.  CAD/JPY is expected to fall toward the next sell target at the next support level 85.50 (multi-month low from August).

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