CADJPY: ⬆️ Buy
– CADJPY reversed from support zone
– Likely to rise to resistance level 112.00
CADJPY currency pair recently reversed up from the support zone located between the key support level 111.00 and the support trendline of the daily down channel from May. This support zone has reversed the price three times – in August at the low of wave (A), in mid-September at the low of wave 1, and again recently.
The upward reversal from this support zone is likely to form the daily Japanese candlesticks reversal pattern Doji.
Given the strength of the support level 111.00, CADJPY currency pair can be expected to rise further toward the next resistance level 112.00.
, in mid-September at the low of wave 1, and again recently.){kind=link}