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CADJPY May Go Up! Here is why...

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
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FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis Forex trading Technical Analysis CAD jpy CADJPY canadiandollar yen japaneseyen
59
17
trendanalysis chartpattern waveanalysis forex trading technicalanalysis cad jpy cadjpy canadiandollar yen japaneseyen
snapshot

CADJPY has recently reached a support line of a rising channel.
it looks like the market has respected 81.5 structure support and we see a buying reaction.

Pay close attention to a falling wedge pattern within the channel and buy the market in case of a bullish violation of the wedge.
Target levels will be 82.8 and 83.5.
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