As you can see, CAD/JPY finished 4 waves up and now it is currently forming an amazing continuation ABCDE pattern for more upside movement. I expect wave 5 to reach the 61.8% Fibonacci Extension level at (88.80). Breaking the 88.80 level will push CAD/JPY to retest the weekly resistance level at (89.20) which will be our second target.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.