CADJPY: Will The Correction Continue?

FX:CADJPY   Canadian Dollar / Japanese Yen
CADJPY: Will The Correction Continue?

CADJPY has been moving within a major corrective pattern for about a month.
After the downward movement created today by the news regarding Israel and Iran, the price managed to recover the lost ground again.

However, as long as the price will be stuck in this area, chances are that it will move up and down for an indefinite period.

Only an increase in the price above the 112.50 resistance area would support further growth.

In the current conditions, the chances are high that CADJPY may decrease again in the following days.

You may find more details in the chart!
Thank you and Good Luck!

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