- CADJPY broke the resistance zone
- Likely to rise to resistance level 106.00
CADJPY currency pair recently broke the resistance zone between the resistance level 104.00 and the resistance trendline of the Descending Triangle from February.
The breakout of this resistance zone continues the earlier sharp upward correction from the major long-term support level 102.00, which has been reversing the price from August.
CADJPY can be expected to rise to the next resistance level 106.00 (top of the previous minor correction 2 from March).
- Likely to rise to resistance level 106.00
CADJPY currency pair recently broke the resistance zone between the resistance level 104.00 and the resistance trendline of the Descending Triangle from February.
The breakout of this resistance zone continues the earlier sharp upward correction from the major long-term support level 102.00, which has been reversing the price from August.
CADJPY can be expected to rise to the next resistance level 106.00 (top of the previous minor correction 2 from March).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.