CADJPY - H4

In the CADJPY currency pair in the 4-hour chart, we see that the price is moving in an upward trend. This trend line is a good resistance line. Because it has been resisting the fall of prices for 3 months and has prevented the reduction of prices. The second reason was the resistance to price attacks. On the other hand, the resistance line of 2 months has been broken and the price is moving faster in the upward direction. For the price upward trend, two modes can occur. The first case: the price falls to 79.68 and then the price rises to 82.23 and the second case the small price to 79.03 and then the upward trend to the price of 82.23



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