What happened? Japanese shares fell on Monday…
CAD/JPY reached buy target 86.00
2019-11-11 • Updated
- CAD/JPY reached buy target 86.00
- Next buy target - 88.00
CAD/JPY continues to rise after the recent breakout of the resistance zone lying at the intersection of the resistance level 86.00 (which as set as the buy target in our earlier forecast for this currency pair) and the 61.8% Fibonacci correction of the previous sharp intermediate impulse wave (1) from last December. The breakout of this resistance zone is likely to accelerate the active minor C-wave which belongs to the intermediate ABC correction (2) from April. CAD/JPY is expected to rise to the next buy target at the resistance level 88.00 (forecast price for the completion of wave (2)).
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
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