Technical levels of AUD/CAD
CAD/JPY reversed from resistance zone
- CAD/JPY reversed from resistance zone
- Next sell target - 84.00
CAD/JPY recently reversed down from the resistance zone lying between the key resistance level 85.60 (which stopped the previous corrective wave 2 with the Shooting Star in June, as can be seen below), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous downward impulse (1) from the end of May. CAD/JPY is expected to fall further toward the next sell target at the next support 84.00 (low of wave B).
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...