CAD/JPY reached sell target 82.20

CAD/JPY reached sell target 82.20

  • CAD/JPY reached sell target 82.20
  • Next buy target - 84.00

CAD/JPY recently reversed up from the support area lying between the support level 82.20 (which was set as the sell target in our previous forecast for this currency pair), lower weekly Bollinger Band, 50% Fibonacci correction of the upward impulse wave (C) from November and the 50-week moving average. 

The upward reversal form the aforementioned support zone stopped the earlier intermediate impulse wave (3).
CAD/JPY is expected to rise to the next buy target at the resistance level 84.00 – the breakout of which can lead to further gains toward 85.00.

Similar

Popular

Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera