CAD/JPY rising inside impulse waves 3 and (3)

CAD/JPY rising inside impulse waves 3 and (3)

  • CAD/JPY rising inside impulse waves 3 and (3)
  • Next buy target - 89.70

CAD/JPY continues to rise inside the minor impulse wave 3, which belongs to the intermediate impulse wave (3) from the start of August (which started earlier from the support zone surrounding the support level 85.50, as can be seen from the daily CAD/JPY chart below). The active intermediate impulse sequence (3) itself belongs to the primary upward impulse ③ from the end of April. CAD/JPY is expected to rise to next buy target at the next resistance level 89.70 (top of the impulse wave (1)).

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