CADJPY: forecast for fall not on a weekly chart

The smoke price of this pair is showing a rapid rise since March 2020. Therefore, let us consider how this movement correlates with the price movement in recent years (starting from 2015). In 2015, a strong resistance line was formed (the price is now close to it). The support is the historically strong level. In general, the price forms a huge triangle. It can be expected to rise to the 89.21 resistance and then sequentially fall to: target 1 - 86.54. Goal 2 - 84.65. Goal 3 - 82.46.

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