• CADJPY reversed from resistance level 82.00
• Likely to fall to 81.00
CADJPY recently reversed down from the key resistance level 82.00 (former monthly high from December – which stopped the previous minor impulse wave (i)).
The downward reversal from the resistance level 82.00 stopped the previous impulse wave 3 of the medium-term impulse sequence (C) from July.
CADJPY is expected to fall further toward the next support level 81.00 (former multi-day resistance level from the end of December).
