FOREXCOM:CADJPY   Canadian Dollar / Japanese Yen
🎖CADJPY - Monthly TF , here on CJ I can see the market was in a downtrend then the momentum shifted from bearish market to bullish after testing the support , currently we have impulse move and we need to see the correction to test back the broken trendline (Structure )before the continuation to the upside , and if you take the FIB u can see that the previous structure is perfectly aligning with the 0.5 and the 0.618 , so on cadjpy i am expecting a deeper correction before continuation to the upside.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.