CADJPY Wave Analysis – 13 December, 2022
December 13, 2022 @ 13:32 +03:00
• CADJPY reversed from round support level 100.00
• Likely to rise to resistance level 101.60
CADJPY recently reversed up once again from the round support level 100.00, intersecting with the 50% Fibonacci correction of the upward impulse from February.
The upward reversal from the support level 100.00 started the active short-term ABC correction 4.
CADJPY can be expected to rise further toward the next resistance level 101.60 (former strong support from June, August and November).