Technical levels of AUD/CAD
CAD/JPY reversed from resistance zone
- CAD/JPY reversed from resistance zone
- Next sell target - 87.60
CAD/JPY recently reversed down sharply from the resistance zone lying between the key resistance levels 91.50 (which stopped the previous sharp upward impulse wave (3) in September, as can be seen below) and 90.80 (top of the previous B-wave). This resistance zone was further strengthened by the upper daily Bollinger Band. CAD/JPY is expected to fall further toward the next sell target at the next support level 87.60 (low of the previous ABC wave 2).
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...