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Elliott Wave Analysis: CADJPY Remains Bullish - Update

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
Hello traders and investors!

In this article we want to update our previous CADJPY chart, where we mentioned and highlighted a completed W-X-Y correction and bullish reversal.

As you can see, CADJPY is trading nicely and impulsively bullish as expected long time ago and the main reason is also a rally on Crude oil . We see room for more gains within an extended wave »v« of 3 which can push the price even up to 92-93 area or higher, just watch out for a pullback in subwave (iv) of »v« or higher degree wave 4, as we see it approaching June highs.

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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.