CADJPY Wave Analysis – 28 February, 2020

• CADJPY broke key support level 81.60
• Likely to fall to 80.00

CADJPY recently broke through the key support level 81.60 (which has been repeatedly reversing the price from November).

The breakout of the support level 81.60 strengthened the bearish pressure on this currency pair – accelerating the active impulse wave (1).

CADJPY is likely to fall down further toward the next round support level 80.00 (former monthly low from October).