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July 01, 2021 @ 18:08 +03:00
• CADJPY reversed from support area
• Likely to rise to resistance level 90.35
CADJPY recently reversed up from the support area lying between the support level 89.00 and the 61.8% Fibonacci correction of the upward impulse B from the middle of June.
The upward reversal from this support area stopped the previous short-term impulse wave (i).
Given the clear uptrend – CADJPY can be expected to rise further toward the next resistance level 90.35 (top of the previous wave B).