Technical analysis
CADJPY Wave Analysis 20 June 2024
June 20, 2024 @ 19:40 +03:00
![](https://fxpro.news/wp-content/uploads/2024/06/cadjpy-primary-analysis-jun-20-1809-pm-1-day-1024x474.png)
– CADJPY under bullish pressure
– Likely to rise to resistance 117.00
CADJPY currency pair under the bullish pressure after the price broke above the key resistance level 115.40 (which stopped the previous impulse wave 1 at end of May).
The breakout of the resistance level 115.40 accelerated the active impulse waves 3 and (3).
Given the clear multi-month uptrend and the continuation of the bearish yen sentiment, CADJPY currency pair can be expected to rise further to the next resistance level 117.00.