CADJPY continues to rise inside the weekly upward impulse wave (3) – which started earlier from the support area lying between the long-term support level 81.00 (which has been reversing the price from April) and the lower weekly Bollinger Band.
The active impulse wave (3) belongs to the primary upward impulse sequence ③ from the start of this year.
CADJPY is expected to rise further and retest the next round resistance level 84.00 (which reversed the earlier corrective wave B).
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