CADJPY - MONTHLY ANALYSIS

2017년 1월 10일

This is a monthly,weekly timeframe analysis of CADJPY.I think this is correcting now and will be correcting for some time then will make an up move to 92.00,93.00 area. From where it can either continue the impulse up and if it does and then forms a corrective structure above that area then it is likely to reach about 115-116.00 and from there I think it will move down.But if from the 92-93.00 area it starts to fall down impulsively and then forms a corrective structure to sell, I think this pair will be crashing down towards 50-60 territory.