CAD/JPY falling inside minor corrective wave 2

CAD/JPY falling inside minor corrective wave 2

  • CAD/JPY falling inside minor corrective wave 2
  • Next sell target - 84.30

 CAD/JPY continues to fall inside the minor corrective wave 2, which started earlier from the resistance zone lying between the key resistance level 85.70 (which stopped the previous medium-term impulse wave (1) in April), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp downward impulse from the start of February. CAD/JPY is expected to fall toward the next sell target at the next support level 84.30 (low of wave (2)).

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