CADJPY on decline
#CADJPY
In February, the price made an important breakdown of the 82.17
I support line. This is the strong line of 2012. And after its breakout, the price showed good growth. However, the growth stopped at another no less strong line - the 2014 resistance.
We don't think the price will have the strength to make another major breakout. Therefore, now I expect that the price will turn towards the support zone from the resistance line. Thus, my final target is support zone 82.28.
In February, the price made an important breakdown of the 82.17
I support line. This is the strong line of 2012. And after its breakout, the price showed good growth. However, the growth stopped at another no less strong line - the 2014 resistance.
We don't think the price will have the strength to make another major breakout. Therefore, now I expect that the price will turn towards the support zone from the resistance line. Thus, my final target is support zone 82.28.
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