It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for...
CAD/JPY reached buy target 85.00
- CAD/JPY reached buy target 85.00
- Next buy target - 86.00
CAD/JPY continues to rise inside the minor C-wave, which belongs to the intermediate ABC correction (2) from the end of April. The price today broke above the resistance level 85.00, which was set as the buy target in our previous forecast for this currency pair. The breakout of the resistance level 85.00 should strengthen the bullish pressure on this currency pair. CAD/JPY is expected to rise to the next buy target at the resistance level 86.0 (target price for the completion of the active wave C).
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…