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CAD/JPY reversed from resistance zone

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  • CAD/JPY reversed from resistance zone
  • Next sell target - 84.00

CAD/JPY recently reversed down from the resistance zone lying between the key resistance level 85.60 (which stopped the previous corrective wave 2 with the Shooting Star in June, as can be seen below), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous downward impulse (1) from the end of May. CAD/JPY is expected to fall further toward the next sell target at the next support 84.00 (low of wave B).

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