CADJPY: ⬆️ Buy
– CADJPY broke resistance level 113.30
– Likely to rise to resistance 115.00
CADJPY currency pair recently broke the resistance zone between the resistance level 113.30 (former support from June and July) and the 50% Fibonacci correction of the downward impulse from July.
The breakout of this resistance zone accelerated the active short-term impulse wave 1 of the primary impulse wave 3 from the start of August.
Given the clear daily uptrend and the strongly bearish yen sentiment seen across the FX markets today, CADJPY can be expected to rise to the next resistance 115.00.
