Market Snapshots

CADJPY Wave Analysis 25 February, 2021

CADJPY Wave Analysis 25 February, 2021

• CADJPY broke key resistance level 84.40

• Likely to reach resistance 86.00

CADJPY continues to rise inside the sharp impulse wave 3 – which earlier broke above the key resistance level 84.40 (former monthly high from February and January of 2020) and the daily up channel from October.

The breakout of the resistance level 84.40 accelerated the active impulse waves 3 and (C).

CADJPY is likely to rise further toward the next resistance level 86.00 (target for the completion of the active impulse wave (C)).

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