CAD/JPY reversed from resistance zone Next sell target - 84…
EUR/CAD reversed from key support level 1.5710
- EUR/CAD reversed from key support level 1.5710
- Next buy target - 1.6120
EUR/CAD continues to rise after the earlier upward reversal from the key support level 1.5710 (former resistance level which reversed the earlier minor impulse wave 3 in February, as can be seen from the daily EUR/CAD chart below). The upward reversal form this support area stopped the previous minor corrective wave (ii) from the start of March. EUR/CAD is expected to rise toward the next buy target at next resistance level 1.6120 (top of the impulse (i)).
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…