• CADJPY reversed from support area
• Likely to rise to resistance level 90.35
CADJPY recently reversed up from the support area lying between the support level 89.00 and the 61.8% Fibonacci correction of the upward impulse B from the middle of June.
The upward reversal from this support area stopped the previous short-term impulse wave (i).
Given the clear uptrend – CADJPY can be expected to rise further toward the next resistance level 90.35 (top of the previous wave B).
