• CADJPY under the bullish pressure
• Likely to rise to resistance level 102.00
CADJPY is under the bullish pressure – after the pair broke the round resistance level 100.00 (which stopped the previous impulse wave 3 last month).
The breakout of the resistance level 100.00 accelerated the active impulse waves 5 and (C).
Given the strength of the active daily uptrend – CADJPY can be expected to rise toward the next resistance level 102.00 (target for the completion of the waves 5 and (C)).
Source: Fxpro
