CADJPY TO 81 if 78.6% FIB RETEST BREAKS
Howdy! Hope everyone is all well and safe during the pandemic. My thoughts on CADJPY are that it has made a decent comeback towards 87.6. I can see a head and shoulders forming and the chart is approaching very strong resistance at 88. I am anticipating the right shoulder to form and for it to test the 78.6% fib. If this breaks I am thinking it could see itself working its way back down to the 50% to 81. If you like or agree with my analysis, please leave a like! Thanks!
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