CADJPY has been in strong rise this year, but we see five waves up from 2023 swing lows, that are now completed because of a strong drop through the trendline support. We see an impulse down for wave (A)/(1) that is completed, so more weakness can show up for wave (C) or (3) after wave (B)/(2) rally that can be still underway to 110 – 112 resistance zone.(Click on image to enlarge)
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CADJPY Is Turning Bearish, But More Weakness Is Expected After A Corrective Rally
