CADJPY SET TO MOVE HIGHER IN WAVE (v) OF ELLIOT WAVE IMPULSE
CADJPY has just completed a w-x-y double zigzag in wave (iv) of an impulse. A sharp leading diagonal impulse in wave i of (iv) confirmed that wave (iv) has bottomed.
Price has the potential to extend higher to 0.618 Fibonacci Extension that lined up with upper trendline to completed wave (v) impulse move.
Trade below 80.681 will negate the bullish outlook.
Price has the potential to extend higher to 0.618 Fibonacci Extension that lined up with upper trendline to completed wave (v) impulse move.
Trade below 80.681 will negate the bullish outlook.