According to Reuters, it was announced on Friday that Shigeru Ishiba, known for his tough stance on interest rates, will become Japan’s next Prime Minister. This news caused a sharp intraday reversal in the USD/JPY exchange rate on Friday: while the price initially rose in the morning (as shown by the arrow), it was followed […]
CADJPY: 
Buy CADJPY reversed from strong support 101.60 Likely to rise to resistance level 105.00 CADJPY currency pair recently reversed from the support zone surrounding the strong support 101.60 (which has been reversing the price since last August). This support zone was strengthened by the lower daily Bollinger Band. The upward reversal from support […]
The post CADJPY Wave Analysis appeared first on Action Forex.
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