Hello Traders
CAD/JPY has broken bearish trendline and successfully consolidated above it.
Also as we can see price is moving inside of a big channel.
Right now we have a big support around 87.4 (Big channel mid + W pattern + Fib 0.618 + previous resistance).
A minor correction to around 87.4 and then continuing upward momentum is probable.
Thanks for Reading
CAD/JPY has broken bearish trendline and successfully consolidated above it.
Also as we can see price is moving inside of a big channel.
Right now we have a big support around 87.4 (Big channel mid + W pattern + Fib 0.618 + previous resistance).
A minor correction to around 87.4 and then continuing upward momentum is probable.
Thanks for Reading