CADJPY pair is trading nicely as expected for the last couple of weeks. It turned aggressively down with five wave cycle from 110 area. A decline that suggests more weakness but after a corrective rally. We know that corrections are made by three waves A-B-C that is now in full progress with already wave C in the making. Ideal resistance comes around 50% – 61,8% Fibonacci retracement, so keep an eye on 102 – 104 resistance zone, where bears may show up again.
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