EUR/GBP broke key resistance level 0…
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).
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…