Mihai_Iacob

CadJpy could rise 200 pips

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
The long-term trend for CadJpy is clearly up, and at this moment, the correction started at the end of October looks done.
The pair found strong support in 89 zone, a zone that acted as support or resistance multiple times in the past.
As long as the pair stays above this zone I expect a new leg up and the first target can be 200 pips above, at 91.50 zone.
A break of this resistance would expose the recent high.
Buy dips can be a good choise

Free Telegram- Forex&Gold trades:
https://t.me/intradaytradingsignals

Free Telegram- Crypto:
https://t.me/FanCryptocurrency



Paid subscription info:
https://t.me/IacobMihai
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.