CADJPY: breakout of a strong support zone, what's next?
The price was able to break through the strong support zone (at that time - resistance) 89.21. This zone consists of the strong line of October 2015 and the support level. Now we can expect the price to consolidate on the line and continue to rise to the nearest resistance level of 91.59.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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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.