According to our previous analysis, after breaking above the
81.40 resistance, CAD/JPY is yet to test the next upside target at 82.55.
Currently it is trading near 261.8% Fibs which could act as support and provide
a good entry point to go long.
Consider buying CAD/JPY at the current price (81.40)
targeting 82.55. Suggested stop loss is 80.50.
Support:81.40, 80.30
Resistance: 82.55
The material has been provided by InstaForex Company – www.instaforex.com
The post Technical analysis of CAD/JPY for November 18, 2016 appeared first on forex-analytics.press.