CADJPY Ending a cycle from 1.30.2015

Pair has rallied in 3 swings from wave (X) low at 3/31 with the first leg red wave W, the second leg red wave X, and the pair is currently finishing the third leg towards 97.79 – 98.5 equal leg area. Short term, the pair can see a pullback in wave ((x)), and the pullback can reach as low as 95.75 – 96 (50 – 61.8 fib retracement of rally from red X low at 4/14), then the pair should turn higher for one more leg to complete wave ((X)) towards 97.79 – 98.5.


CADJPY 6020150415215238


Subscribe to our Forex Blog

First Name: *
Last Name: *
Your Email Address: *