Narrowing irregular bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market are in the negative area and made the new lows.
CAD/JPY reached sell target 87.40
- CAD/JPY reached sell target 87.40
- Next sell target - 84.00
CAD/JPY continues to fall inside the minor corrective wave 2, which started earlier from the powerful resistance zone lying between the upper weekly Bollinger Band and the key resistance level 88.90 (which has been reversing the price from the middle of 2016, as can be seen below). The price earlier broke through the support level 87.40 (previous sell target) – which accelerated the active wave 2. CAD/JPY is expected fall to next sell target at the next support level 84.00 (target price for the completion of wave 2).
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