CAD/JPY reversed from resistance zone Next sell target - 84…
EUR/CAD broke support zone
- EUR/CAD broke support zone
- Next sell target - 1.5500
EUR/CAD continues to fall after the earlier breakout of the support zone lying between the pivotal support level 1.5750 (which stopped the previous minor correction (iv) in Match, as can be seen below) and the 38.2% Fibonacci correction of the sharp upward impulse from the end of January. EUR/CAD is expected to fall further toward the next sell target at the next support level 1.5500 (low of wave (iv) from February).
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…