CADJPY is at a major structure zone
We could either see the price break this structure zone and continue going down, or we could see the price finding support at this zone and come back up to 83.500 to form a Head and Shoulders pattern.
If it does so, i would expect the price to find resistance and come all the way down to the 79.000 level, possibly even making new lows
But for now we will wait and see what the price will do
We could either see the price break this structure zone and continue going down, or we could see the price finding support at this zone and come back up to 83.500 to form a Head and Shoulders pattern.
If it does so, i would expect the price to find resistance and come all the way down to the 79.000 level, possibly even making new lows
But for now we will wait and see what the price will do