What happened? Japanese shares fell on Monday…
CAD/JPY reached sell target 82.20
2021-11-11 • Updated
- CAD/JPY reached sell target 82.20
- Next buy target - 84.00
CAD/JPY recently reversed up from the support area lying between the support level 82.20 (which was set as the sell target in our previous forecast for this currency pair), lower weekly Bollinger Band, 50% Fibonacci correction of the upward impulse wave (C) from November and the 50-week moving average.
The upward reversal form the aforementioned support zone stopped the earlier intermediate impulse wave (3). CAD/JPY is expected to rise to the next buy target at the resistance level 84.00 – the breakout of which can lead to further gains toward 85.00.
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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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