CADJPY - D1

Thursday, May 28, 2020 3:52 PM

In the CADJPY currency pair, we see that the price has been able to both fill the price gap of previous months and complete the 5-wave Elliott movement due to the upward movement. In the current price, which is 78.21, we are witnessing a collision of the price and as a result, a change in the direction of the price. Price ranges from 78.35 to 78.55 are strong resistance ranges. Therefore, we expect the price to drop to 75.60.