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Lingrid
May 13, 2021 7:56 AM

CADJPY reversal and RESISTANCE lines and FALL Short

Canadian Dollar / Japanese YenFOREX.com

Description

In early March this year, the price broke through the January 2009 support line at 85.78. Then it rolled back and fixed on the same line at point 85.9. From this point, a new pso began, during which the price was able to break through the support level of 88.39 and the support line of November 2007 - 89.06. Now I expect the price to rise to the resistance line 92.32. This is the strong line of February 2013 and I expect it to fall. So my final target is support line 88.39.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻
Comments
legacyliked
BOC'S GOV. MACKLEM:
CANADA HAS ABOUT 700,000 FEWER WORKERS THAN IT SHOULD.
- We do expect inflation to rise to around 3%
- Increase in inflation will be temporary
- Inflation to come down because some sectors still weak
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