- CADJPY reversed from resistance area
- Likely to fall to support level 104.00
CADJPY currency pair recently reversed down from the resistance area between the pivotal resistance level 106.00 (which has been reversing the price from March), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from January.
The downward reversal from this resistance area stopped the previous short-term correction 2.
Given the strength of the resistance level 106.00 and the daily downtrend, CADJPY currency pair can be expected to fall to the next support level 104.00.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。