CADJPY Is Turning Bearish, But More Weakness Is Expected After A Corrective Rally
CADJPY has been in strong rise this year, but we see five waves up from 2023 swing lows, that are now completed because of a strong drop through the trendline support. We see an impulse down for wave (A)/(1) that is completed, so more weakness can show up for wave (C) or (3) after wave (B)/(2) rally that can be still underway to 110 - 112 resistance zone.
(Click on image to enlarge)
More By This Author:
Bullish GBTC Can Push Crypto Market Higher
German Bund Is Still Eyeing Yearly Highs
Celestia (TIA) Forms Bullish Setup