January 07, 2021 at 03:58PM

• CADJPY rising inside ABC correction (2)

• Likely to reach resistance level 82,00

CADJPY continues to rise inside the medium-term ABC correction (2) which started earlier from the round support level 80.00 standing near the lower daily Bollinger Band.

The support area near the support level 80,00 was also strengthened by the support trendline of the daily up channel from November and by the 50% Fibonacci correction of the upward impulse from October.

CADJPY is expected to rise further toward the next resistance level 82,00 (projected price for the termination of the active ABC correction (2)).

Continue Reading…

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/cadjpy-wave-analysis-7-january-2021-20210107/
Selected by fonecable.com

Search Web: CADJPY Wave Analysis 7 January, 2021

Recent Posts


Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

Leave a Reply

Your email address will not be published. Required fields are marked *

Chinese (Simplified) ZH-CN English EN French FR German DE Spanish ES