• CADJPY reversed from support level 102.65
• Likely to rise to resistance level 104.50
CADJPY just recently reversed up from the major support level 102.65 (former strong resistance from April, which has been reversing this currency pair from the middle of July, as can be seen below), standing near the daily Bollinger Band and by the 61.8% Fibonacci correction of the upward impulse from May.
The upward reversal from the support level 102.65 stopped the previous short-term impulse wave (iii).
CADJPY can be expected to rise further in the active impulse wave (3) toward the next resistance level 104.50 (former monthly low from September).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies