Fourth-half CADJPY graphical analysis.
As soon as the lower uptrend line touches the channel, a major bullish move has occurred, as the price sits at the key level of 81.500.
We can see several rejection candles in this area which means that the selling pressure is not as high as it should be. This might turn into a major bullish push, and the uptrend will continue until 83.00
As soon as the lower uptrend line touches the channel, a major bullish move has occurred, as the price sits at the key level of 81.500.
We can see several rejection candles in this area which means that the selling pressure is not as high as it should be. This might turn into a major bullish push, and the uptrend will continue until 83.00