CADJPY making a bullish exit, potential rally from here!

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Dólar Canadense/Iene Japonês (FX:CADJPY)

FX:CADJPY Dólar Canadense/Iene Japonês

trendanalysis harmonicpatterns chartpattern cadjpy cad jpy forex forexsignals eur aud gbp usd

CADJPY is seeing major resistance at 85.04 (Fibonacci retracement, horizontal overlap resistance, bearish ichimoku cloud). If price closes above this major resistance level, that could be the start of a bullish exit that could rally all the way up to 2nd resistance at 85.82 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension).

RSI (55) sees bullish divergence vs price signalling that a reversal could be impending

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