CADJPY Analysis August 15, 2020

2020년 8월 15일

We see market forming an Impulse on the monthly timeframe from December 2014 to November 2016. Market now completing Correction from November 2016 to August 2020. It failed to break monthly rejection level closing at Fibonacci Retracement confirming Wave E in the ABCDE corrective pattern. We may see bearish market to target 51.000.