CAD/JPY reversed from resistance zone Next sell target - 84…
EUR/CAD broke support zone
- EUR/CAD broke support zone
- Next sell target - 1.4340
EUR/CAD continues to fall inside the minor impulse wave 3 which earlier broke through the support zone lying between the support level 1.4540 (previous sell target) and the 50% Fibonacci correction of the previous intermediate ABC correction (2) from the middle of February. The breakout of this support zone strengthened the bearish pressure on this currency pair. EUR/CAD is expected to fall to the next sell target at the next support level 1.4340 (standing close to the 61.8% Fibonacci correction of the aforementioned correction (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…