Lingrid

CADJPY reversal at tstrong RESISTANCE zone and FALL

Short
FOREXCOM:CADJPY   Canadian Dollar / Japanese Yen
Having worked out the rising wedge pattern in February of this year, the price showed a very strong growth, during which it was able to break through the support line at 84.00 - May 2013 and 86.01 - January 2009.

During this rise, the price came to a strong resistance zone of 88.39. In this zone, a historically strong resistance level is crossed, as well as an equally strong line formed on the chart in 2007! It is already clear that at this point the price reversed and I expect it to fall from the resistance to the support zone at 83.31.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad 👩‍💻

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