Japanese Yen Strengthens on COVID-19 Worries
What happened? Japanese shares fell on Monday…
CAD/JPY falling inside impulse wave 5
2019-11-11 • Updated
- CAD/JPY falling inside impulse wave 5
- Next sell target - 81.00
CAD/JPY recently broke through the key support level 84.310 (which reversed the price shortly at the end of February). The breakout of the support level 84.310 accelerated the active impulse wave 5, which belongs to the intermediate impulse wave (C) from the start of January. CAD/JPY is expected to fall further toward the next sell target at next support level 81.00 (which reversed the price in last June and July).
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