CAD/JPY rising inside minor B-wave

CAD/JPY rising inside minor B-wave

  • CAD/JPY rising inside minor B-wave
  • Next buy target - 89.00

CAD/JPY continues rise inside the minor B-wave which started earlier from the support zone lying between the support level 85.60, 50% Fibonacci retracement of the previous upward impulse (3) from the start of June and the lower daily Bollinger Band. The active B-wave belongs to the intermediate ABC correction (4) from the end of July. CAD/JPY is expected to rise to next buy target at the next resistance level 89.00 (target price for the termination of the active wave B).

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