EUR/USD: 'High Wave' points to decline
The market is likely going to test the 34 Moving Average. If a pullback from this line happens next, bulls will probably try to reach...
CAD/JPY reversed from support zone
- CAD/JPY reversed from support zone
- Next buy target - 85.70
CAD/JPY recently reversed up from the support zone lying between the key support level 84.30 (top of the previous minor impulse wave 3 from the start of April) and the 38.2% Fibonacci correction of the upward price impulse wave from the end of March. The upward reversal from this support zone started the active impulse wave (3). CAD/JPY is expected to rise toward the next buy target at the next resistance level 85.70 (top of the impulse wave (1)).
Dmitry Chernovolov
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